Royal Dutch Shell Group .com Rotating Header Image

Royal Dutch Shell plc under Investor Investigation over possible Foreign Bribery

Investigation on behalf of current long term investors in Royal Dutch Shell plc (ADR) (NYSE:RDS.A) over possible foreign bribery – RDS.A stockholders should contact the Shareholders Foundation at [email protected]

After the U.S. Department of Justice begun looking into allegations against Royal Dutch Shell plc (ADR) as a customer of Panalpina Group in connection with possible foreign bribery an investigation on behalf of current long term investors in Royal Dutch Shell plc (ADR) (NYSE:RDS.A) was announced.

If you are a current long term investor in Royal Dutch Shell plc (ADR) (NYSE:RDS.A), and/or have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc by email [email protected] or call +1(858) 779 – 1554.

The investigation by a law firm on behalf of current long term investors in Royal Dutch Shell plc (ADR) (NYSE:RDS.A) concerns whether certain officer and directors of Royal Dutch Shell plc (ADR) possibly violated the U.S. Foreign Corrupt Practices Act (“FCPA”), which prohibits companies from making improper payments to foreign officials for the purpose of obtaining or keeping business.

Netherlands Royal Dutch Shell plc (Shell) is an independent oil and gas company. Royal Dutch Shell plc (ADR) reported in 2006 $318billion in 12 month Total Revenue, in 2007 $355billion, in 2008 $458billion, and in 2009 $278billion. Its Net Income went from $25.4billion in 2006 to $12.5billion in 2009.

In July 2007, Shell’s US subsidiary, Shell Oil, was contacted by the US Department of Justice regarding Shell’s use of the freight forwarding firm Panalpina, Inc and potential violations of the US Foreign Corrupt Practices Act (FCPA) as a result of such use. Shell has an ongoing internal investigation and is co-operating with the US Department of Justice and the US Securities and Exchange Commission investigations.

In October 2010 the Wall Street Journal reported also that Royal Dutch Shell plc (ADR) as a customer of Panalpina Group is also among the companies investigated by the U.S. Justice Department and the Securities and Exchange Commission in connection with potential foreign bribery and violations of the U.S. Foreign Corrupt Practices Act by Panalpina Group. According to the Justice Department “the Foreign Corrupt Practices Act was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. Specifically, the anti-bribery provisions of the FCPA prohibit the willful use of the mails or any means of instrumentality of interstate commerce corruptly in furtherance of any offer, payment, promise to pay…to a foreign official to influence the foreign official in his or her official capacity … to secure any improper advantage in order to assist in obtaining or retaining business for or with, or directing business to, any person.”

Panalpina Group, which has 14,000 employees and branches in more than 80 countries, is a supplier of forwarding and logistics services, specializing in end-to-end supply chain management solutions and intercontinental air freight and ocean freight shipments.

According to the Wall Street Journal the Panalpina Group is at the center of a sprawling probe into whether it paid officials in places including Nigeria, Saudi Arabia, Algeria and Kazakhstan to expedite services, such as clearing drilling rigs and other equipment through customs.

The Wall Street Journal recently reported that Panalpina is expected to pay around $85 million in fines to settle charges that it violated the U.S. Foreign Corrupt Practices Act. The Wall Street Journal said that Royal Dutch Shell plc is expected to pay around $30 million in penalties to settle charges stemming from its use of Panalpina as an agent in Nigeria.

Shares of Royal Dutch Shell plc (ADR) traded in 2006 at $61 per share and increased until the end of 2006 to $70.79 per share. RDS.A continue to increase in 2007 and closed 2007 at $84.85 per share. During the first half of 2008 RDS.A fell to $65.68 per share before climbing to over $86 per share in May 2008. Since May 2008 RDS.A shares lost value and closed 2008 at roughly $52 per share. In 2009 RDS.A continued to lose value and traded as low as $41.89 per share in March 09. Since then RDS.A shares were able to regain value and currently traded at $63.65 per share, its trading price during the first half of 08.

Those who are current long term investors in Royal Dutch Shell plc (ADR) (Public, NYSE:RDS.A), and/or have any information relating the investigation, have certain options and should contact the Shareholders Foundation, Inc by email [email protected] or call +1(858) 779 – 1554.

Shareholders Foundation, Inc.

Trevor Allen

3111 Camino Del Rio North –

Suite 423

92108 San Diego

Phone: +1-(858)-779-1554

Fax: +1-(858)-605-5739

[email protected]

www.ShareholdersFoundation.com

SOURCE ARTICLE

(COMMENT BY JOHN DONOVAN: WE DO NOT KNOW ANYTHING ABOUT SHAREHOLDERS FOUNDATION INC)

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Comments are closed.