US court closes Snamprogetti bribery case

A US District Court has dismissed the criminal information against Snamprogetti Netherlands BV related to a bribery case in Nigeria after fulfillment of commitments made in 2010 under deferred prosecution, reports Eni, of which Snamprogetti earlier was an indirect subsidiary.

The Foreign Corrupt Practices Act case involved bribes paid in conjunction with construction of an LNG plant on Bonny Island. Snamprogetti Netherlands was a 25% partner in a joint venture building the facility (OGJ Online, July 8, 2010).

Eni said it and Snamprogetti Netherlands, a subsidiary of Saipem, have met commitments that included implementation of an anticorruption program. Eni owns about 43% of Saipem.

Eni and Snamprogetti also reached FCPA settlements, including disgorgement of profits, related to the same case with the US Securities and Exchange Commission.

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