The law firm at the center of the Panama Papers leak may have helped facilitate an alleged multi-million corruption scheme tied to Sonatrach contracts won by Saipem.
Entries in Saipem (20)
An Algeria criminal court sentenced six people to jail and sanctioned two companies for corruption connected to contracts with state-owned energy firm Sonatrach.
A judge in Milan ordered Italian oil and gas services firm Saipem to go on trial for alleged bribery in Algeria.
Italian oil and gas services firm Saipem confirmed that Milan prosecutors are looking into alleged corruption tied to a 2011 contract awarded by Brazil's Petrobras.
A corruption trial involving former executives at Algeria's state-owned oil company Sonatrach was adjourned Sunday shortly after it began when witnesses failed to appear.
The CEO of Italian energy giant Eni, Paolo Scaroni, was sentenced to three years in prison Monday over inadequate environmental standards at a power plant when he was CEO at Italian utility Enel.
Italian state-owned oil giant Eni SpA said a forensic audit proved the company didn’t pay any bribes in Algeria.
Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.
Algeria's former energy minister is wanted on an international arrest warrant for alleged corruption following accusations of bribery involving Italian energy giant Eni.
The head of Italian defense firm Finmeccanica SpA was arrested Tuesday by Italian police on allegations that he bribed Indian officials to win sales of helicopters.
The CEO of Italian energy giant Eni SpA is under investigation by Italian authorities for bribes allegedly paid in Algeria by its subsidiary Saipem SpA.