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Posts on ‘November 4th, 2010’

Shell to pay $48m Nigerian bribe fine

These companies, including Shell, admitted they “approved of or condoned the payment of bribes on their behalf in Nigeria and falsely recorded the bribe payments made on their behalf as legitimate business expenses in their corporate books, records and accounts”.

Daily Telegraph: Royal Dutch Shell has been ordered to pay $48m (£29.4m) in civil and criminal fines over its contractor’s involvement in bribing Nigerian customs officials.

By Rowena Mason and Richard Blackden
Published: 8:49PM GMT 04 Nov 2010

Shell and five other companies must pay $236m in criminal and civil penalties. Photo: GETTY IMAGES

The US Department of Justice hit the London-listed oil super-major with the penalty, after Panalpina, which was employed by Shell, agreed to plead guilty to taking bribes on behalf of its clients.

Panalpina, a major Swiss freight and logistics company, must pay $82m in fines after admitting to paying bribes to customs officials in at least seven countries including Nigeria, Brazil and Russia between 2002 and 2007. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Prince Jefri Bolkiah, brother of Sultan of Brunei, wants X-rated sex trophies out of court case

BY WILLIAM SHERMAN , JOSE MARTINEZ DAILY NEWS STAFF WRITERS

Thursday, November 4, 2010

New York Daily News

Screen Shot 2015-04-03 at 22.15.58

They’re the X-rated statues an exiled playboy prince doesn’t want the world to see.

Lawyers for Prince Jefri Bolkiah, the kid brother of the Sultan of Brunei, don’t want jurors to hear anything about his four sex trophies in a blockbuster real estate trial opening next week in Manhattan Supreme Court.

“I’ll tell you what: They make me blush,” said Mark Cymrot, a lawyer for Faith Zaman, the British barrister battling the prince in court. “They’re very explicit.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

U.S. in Pact Over Bribery Charges With Royal Dutch Shell

Shell is expected to pay more than $30 million and agree to a deferred prosecution agreement against a Nigerian subsidiary that allegedly violated the Foreign Corrupt Practices Act

NOVEMBER 4, 2010, 11:58 A.M. ET

By KARA SCANNELL

WASHINGTON—U.S. authorities are expected to file foreign bribery charges Thursday against Royal Dutch Shell Co. and a Swiss shipping company as part of a settlement deal that will resolve a three-year long investigation that spread to nearly half a dozen other global companies, people familiar with the matter say.

As part of the settlement, Shell is expected to pay more than $30 million and agree to a deferred prosecution agreement against a Nigerian subsidiary that allegedly violated the Foreign Corrupt Practices Act. Panalpina, the Swiss shipping company, will also agree to a deferred prosecution agreement with its U.S. subsidiary and pay close to $85 million. Both companies will also settle SEC civil charges, these people say. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Dutch drop plan to store carbon dioxide under town

Irish citizens who are having the Corrib Gas Pipeline imposed on them despite safety concerns should take note of this news report.

Associated Press, 11.04.10, 10:21 AM EDT

THE HAGUE, Netherlands — The Dutch government has scrapped plans to pump carbon dioxide into depleted gas fields beneath a town of 43,000 people to reduce emissions blamed for global warming.

Economic Affairs Minister Maxime Verhagen said Thursday the plan “is no longer possible in the short term” because it already had been delayed by three years, and had no support from residents. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell Leads Oil Companies in Non-OECD Alliances, Bernstein Says

Bloomberg

By Eduard Gismatullin – Nov 3, 2010 8:37 AM GMT+0000

Royal Dutch Shell Plc leads European oil companies in securing “strategic alliances” with state- owned producers in non-OECD nations to secure access to reserves, Sanford C. Bernstein & Co. analysts said.

Shell, Europe’s largest oil company, has about 1.1 million barrels of oil equivalent of daily production, or more than a third of its output, sourced in eight main ventures with national oil companies outside the Organization for Economic Cooperation and Development, said Oswald Clint, a Sanford analyst. BP Plc comes next with its TNK-BP joint venture in Russia accounting for about 25 percent of the U.K. company’s fuel volumes, Clint said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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