Saipem says US DOJ has asked for information on Algeria
Milan - The U.S. Department of Justice has asked Italian oil services group Saipem for information on a probe into alleged corruption in Algeria, the group's CFO said on Thursday.
Source : https://www.emouaten.com/english/Saipem-says-US-DO...
"They sent us a request for information on Algeria," Alberto Chiarini said on a conference call with analysts.
Saipem, which is 43 percent owned by Eni, is embroiled in judicial investigations in Italy and Algeria that claim it paid bribes to secure a series of contracts in the North African country worth $11 billion.
Last July Saipem said it had entered a tolling agreement with the DOJ to extend by 6 months the limitation period applicable to any possible violations of federal laws of the United States with regard to Algeria.
Saipem has denied any wrongdoing.
http://finance.yahoo.com/news/saipem-says-us-doj-asked-163219105.html;_ylt=AwrBJR59KVpTOAkAkGrQtDMD
Saipem, which is 43 percent owned by Eni, is embroiled in judicial investigations in Italy and Algeria that claim it paid bribes to secure a series of contracts in the North African country worth $11 billion.
Last July Saipem said it had entered a tolling agreement with the DOJ to extend by 6 months the limitation period applicable to any possible violations of federal laws of the United States with regard to Algeria.
Saipem has denied any wrongdoing.
http://finance.yahoo.com/news/saipem-says-us-doj-asked-163219105.html;_ylt=AwrBJR59KVpTOAkAkGrQtDMD
Source : https://www.emouaten.com/english/Saipem-says-US-DO...