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Energy giant Eni offers to pay $14m to settle Congo graft inquiry

Eni has filed a request to pay 14 million dollars to settle an investigation into corruption in Congo-Brazzaville.

MILAN: Italian energy giant Eni said Thursday it had filed a request with a Milan court to pay 14 million dollars (11.8 million euros) to settle an investigation into corruption in Congo-Brazzaville levied at the company and one of its managers.

According to Italian media, the probe was first launched in 2017, and relates to payment of suspected bribes when oil licences in Congo-Brazzaville were being renewed in 2015.

To secure renewal, Eni was accused of agreeing to sell parts of its licence to a shell corporation maintained by Congolese public officials.

In a statement, Eni said the request was not an admission of guilt, “but an initiative aimed at avoiding the continuation (of) a judicial…

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