CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

Eni's Italian refineries at risk of shutdown after tax evasion probe

Eni's Italian refineries at risk of shutdown after tax evasion probe

Reuters Staff

MILAN (Reuters) - Italy’s Eni said on Wednesday its refineries in Italy were at risk of shutdown after Italian tax police seized assets as part of a probe into alleged tax evasion. 

The state-controlled oil major said in a statement a judge had ordered the seizure of devices used to measure oil products at its refineries and storage facilities across the country.

Eni denied any wrongdoing.

“Considering the consequences that might derive... from a total stop of the refining and fuel supply activities, Eni will request the possibility to continue using the measurement devices,” it said. In a separate statement the tax police said the devices in question had been manipulated in such a way that Eni marketed more refining products than were actually recorded, in a scheme involving tax evasion of about 10 million euros (£8.87 million).

It said a total of 18 people were being probed on suspicion of violating tax laws.

With five wholly owned refineries, Eni is Italy’s biggest refiner. It also has a series of depots across the country to transport and store oil products onshore.

Reporting by Stephen Jewkes; Editing by Crispian Balmer

Our Standards: The Thomson Reuters Trust Principles.

https://uk.reuters.com/article...


MORE NEWS

New Panama Papers Leak Reveals Firm’s Chaotic Scramble To Identify Clients, Save Business ...

New Panama Papers Leak Reveals Firm’s Chaotic Scramble To Identify Clients, Save Business Amid Global Fallout
On March 9, 2016, employees of Mossack Fonseca, a Panamanian law firm that for decades had kept the financial secrets of global celebrities,...

Dodgy dating sites use tax haven overseas to slip by police

Dodgy dating sites use tax haven overseas to slip by police
A shifty character named “Kariya” helped shady online dating sites avoid the law in Japan by establishing their headquarters abroad with ...

US Treasury Department targets Singapore for money laundering

US Treasury Department targets Singapore for money laundering
Last month, the Asia Sentinel reported that the US Treasury Department has initiated a wide-ranging campaign against money laundering ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA