Italian court acquits Shell, Eni in Nigeria corruption case ...Egypt

An Italian court acquitted energy firms Royal Dutch Shell and Eni on Wednesday in a massive corruption case. The long-running case concerns the 2011 purchase of an offshore oil field in Nigeria, with prosecutors alleging the companies paid bribes to secure the field. What did the court rule? Judge Marco Tremolada read out the sentence in the Milan court on Wednesday. He said the companies and 13 defendants charged in the case had been acquitted as there was no case to answer. Among those charged in the case were current Eni CEO Claudio Descalzi and his predecessor Paolo Scaroni. Prosecutors called for the managers to be jailed and the companies to be fined, as well as confiscating $1.1 billi

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