A Shell logo is seen reflected in a car's side mirror at a petrol station in west London, Britain, Jan 29, 2015. MILAN: A Milan court acquitted energy company Eni, its chief executive and Royal Dutch Shell on Wednesday in the oil industry's biggest corruption case revolving around the US$1.3 billion acquisition of a Nigerian oilfield a decade ago.
The long-running case revolved around the US$1.3 billion purchase by Eni and Shell of the OPL 245 offshore oilfield in Nigeria in 2011 from Malabu Oil and Gas, a company owned by former Nigerian oil minister Dan Etete. Shell and Eni also face scrutiny over the OPL 245 deal in other countries. In March, 2019, Dutch prosecutors said they were preparing criminal charges against Shell and Nigeria has also launched an investigation.
The defendants said the purchase price for OPL 245 was paid into a Nigerian government account and subsequent transfers were beyond their control.
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