Eni says internal audit clears it of corruption charges

|By:, SA News Editor

Eni (E -0.5%) says an internal audit conducted as part of a possible corruption probe shows it hasn't committed any irregularities in Algeria.

Italian and Algerian authorities are investigating whether officials at oil services company Saipem (SAPMY), in which Eni has a 43% controlling stake, gave kickbacks to procure contracts worth billions of euros.

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