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News/Compliance & Enforcement/Eni Subsidiary Paid “Virtual” Intermediary $215 Million Under Sham Agreements
News·Compliance & Enforcement Brief

Eni Subsidiary Paid “Virtual” Intermediary $215 Million Under Sham Agreements

Italian oil giant Eni S.p.A has agreed to an FCPA settlement with the SEC related to a subsidiary’s use of a “wholly unequipped” intermediary to win government oil contracts in Algeria.

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