Italy: Italy prosecutors appeal acquittal of Saipem in Algeria graft case – source

Milan prosecutors have appealed the acquittal of energy services group Saipem in a long-running trial over bribery allegations in Algeria, a judicial source said on Friday.

In January an Italian appeals court had acquitted Saipem of allegations it paid intermediaries about 198 million euros ($222 million) to secure contracts worth 8 billion euros with Algeria’s state-owned Sonatrach.

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Saipem declined to comment.

(Photo: REUTERS/Alessandro Garofalo/File Photo)

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