Eni: Chief probed in Saipem alleged bribes

Paolo Scaroni: Eni says chief being investigated as part of probe of Saipem into alleged bribes

Milan prosecutors have put Paolo Scaroni, head of Italy's Eni Spa, under investigation in a probe into alleged bribes by Saipem, in which Eni is the largest investor, to win contracts in Algeria, the company said according to a report.

Two judicial sources with knowledge of the situation had earlier on Thursday told Reuters that Scaroni was being investigated in a probe centred on the contracts worth $11 billion won by Saipem.

Saipem, Europe's biggest oil service group, is 43% owned by Eni, the oil and gas major which is in turn controlled by the Italian state.

Eni is Italy's biggest listed group.

"Eni acknowledges that the prosecutor has decided to extend the investigation to include Eni and its chief executive officer," Eni said according to the news wire.

"Eni and its CEO declare themselves…

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