Financial Crime Financial Crime

Eni agrees to pay $24.5 million to settle SEC action over Algerian corruption

By Richard Vanderford
  • 17 Apr 2020 17:51
  • 17 Apr 2020 17:51
Italian energy company Eni has agreed to pay $24.5 million to settle a Securities and Exchange Commission probe into a subsidiary's use of corrupt intermediaries in Algeria, with the SEC citing the company's remedial efforts and cooperation with its enforcement staff.
Alessandro Bernini, Eni's former chief financial officer, approved payments

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