An Italian appeals court has acquitted oil services group Saipem and oil major Eni of corruption and lifted an asset seizure order in a long-running trial over bribery allegations in Algeria.
In a ruling read out in court on Wednesday, the court also acquitted a series of other defendants, including former Eni Chief Executive Paolo Scaroni and former Saipem CEO Pietro Tali.
“It’s a historic ruling … we’ve been reiterating Saipem’s total innocence for seven years. Saipem now won’t have to book charges to cover any eventual conviction,” Saipem lawyer Enrico Giarda said.
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