ENI, Saipem and Scaroni Ordered to Stand Trial in Algeria

Monday, August 1, 2016

ENI, Saipem, and former ENI CEO Paolo Scaroni will be standing trial in Algeria on corruption charges as ordered by an Italian judge.

The corruption case revolves around allegations that Saipem paid intermediaries around €198 million for contracts worth an estimated €8 billion with Algeria’s state-owned Sonatrach. According to Saipem. the allegations relate to happenings at the start of 2010.

Both ENI and Saipem issued statements saying they were confident that the allegations would be proved groundless.

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