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Shell facing up to 15 fraud claims

Screen Shot 2013-01-31 at 17.38.03FROM OUR MARCH 2004 SHELL NEWS ARCHIVE

EMBATTLED oil major Shell has been hit by at least 15 multi-billion-dollar claims of fraud, it has emerged.

London Evening Standard: Shell facing up to 15 fraud claims

James Rossiter, 10 March 2004

EMBATTLED oil major Shell has been hit by at least 15 multi-billion-dollar claims of fraud, it has emerged. Previously it was thought the group was the target of only one.

US class-action specialist Milberg Weiss Bershad Hynes & Lerach has attracted attention as it was the first to launch a $5bn (£2.7bn) claim against Shell and nine present and former directors of the Anglo-Dutch company, including former chairman Sir Philip Watts, within days of Shell admitting in January it had overstated its oil reserves. read more

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