UK markets close in 5 hours 6 minutes
  • FTSE 100

    7,552.97
    +43.82 (+0.58%)
     
  • FTSE 250

    20,395.81
    +13.05 (+0.06%)
     
  • AIM

    932.65
    -1.46 (-0.16%)
     
  • GBP/EUR

    1.1858
    -0.0001 (-0.01%)
     
  • GBP/USD

    1.2025
    -0.0033 (-0.28%)
     
  • BTC-GBP

    20,029.40
    -177.81 (-0.88%)
     
  • CMC Crypto 200

    572.85
    -17.91 (-3.03%)
     
  • S&P 500

    4,297.14
    +16.99 (+0.40%)
     
  • DOW

    33,912.44
    +151.39 (+0.45%)
     
  • CRUDE OIL

    88.98
    -0.43 (-0.48%)
     
  • GOLD FUTURES

    1,791.30
    -6.80 (-0.38%)
     
  • NIKKEI 225

    28,868.91
    -2.87 (-0.01%)
     
  • HANG SENG

    19,830.52
    -210.34 (-1.05%)
     
  • DAX

    13,896.69
    +80.08 (+0.58%)
     
  • CAC 40

    6,590.18
    +20.23 (+0.31%)
     

Italy Court confirms acquittal of Eni, Shell in Nigeria case

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: The logo of Italian energy company Eni is seen at a gas station in Rome, Italy
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

MILAN (Reuters) - A Milan Appeal Court acknowledged on Tuesday the dropping of criminal proceedings in a Nigeria corruption case, finalising the acquittal of Eni and Shell, as well as managers including Eni CEO Claudio Descalzi.

General prosecutor Celestina Gravina, in an unprecedented move in a Milan court, had filed a waiver request at the start of the appeal trial earlier on Tuesday, saying the case had no grounds.

The Tribunal Prosecutor's Office, which is a separate body, and the Nigerian government had previously sought to appeal a March 2021 ruling acquitting the two companies and defendants.

Now the appeal will only continue for the civil proceedings, as Nigeria has sued for compensation.

(Reporting by Emilio Parodi, editing by Keith Weir)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting