Italian state-owned oil giant Eni SpA said a forensic audit proved the company didn’t pay any bribes in Algeria.

Italian and Algerian government investigators have been examining allegations that officials from Saipem SpA, owned 43% by Eni, paid bribes for contracts in Algeria worth billions of dollars.

Eni said forensic audits carried out by their representatives revealed no evidence “of illegal or corrupt conducts at Eni nor the existence of intermediary contracts between Eni and the third parties under investigation,” the Wall Street Journal reported.

The company said it will provide the audit results to investigators.

Eni CEO Paolo Scaroni was named in a corruption investigation last year by Milan prosecutors. He hasn’t been formally charged and denies wrongdoing.


Leave a Reply