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Fraud

Netherlands: Protecting Companies That Dare To Report Fraud To Authorities

FROM A CONCERNED SHELL SHAREHOLDER

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SEE: Netherlands: Protecting Companies That Dare To Report Fraud To Authorities

Last Updated: 21 April 2015

Article by Richard van Staden ten Brink

De Brauw Blackstone Westbroek N.V.

Richard van Staden ten Brink, one of our criminal enforcement partners, wrote an op-ed article in Het Financieele Dagblad of 30 March 2015.

It can happen to any company. An employee commits fraud for the employee’s own personal gain, for the company’s benefit, or both. In this situation, a company has no other option but to start an internal investigation and impose disciplinary action. Often at this stage, the Public Prosecution Service is unaware of the investigation, and the company needs to decide whether to report the matter to law enforcement authorities. read more

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.

Shell fraud and tax evasion in Ethiopia

The headquarters of Libya Oil Ethiopia Ltd, located on Aba Sebsib Avenue (Debre Zeit Road) in Gotera.

Oil Libya Ltd was ordered last week to pay 210 million Br in back taxes for the purchase of shares from Shell Ethiopia Ltd, to the Ethiopian Revenues and Customs Authority (ERCA).

Shell Ethiopia, which was established pursuant to the United Kingdom (UK) Companies Act, was engaged in the distribution of petroleum products in Ethiopia since 1948. Shell Petroleum, a London based company, was the major shareholder with 587,813 of the company’s total 587,817 shares. read more

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.

Supreme Court tells Shell to pay P209M in duties

THE SUPREME Court has quashed Pilipinas Shell Petroleum Corp.’s attempts to stop the Bureau of Customs (BoC) from collecting the corresponding amount for the P209 million worth of allegedly fraudulent tax credit certificates, or TCCs, it used in 1997 and 1998.

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.

Controversy in U.S. fraud claim brought against Shell Oil

The lawsuit centers on claims by Sentis Group Inc., and owner Alan Barazi, regarding a contract with Shell Oil Co. to operate 29 mini-mart gas stations in Kansas City. Barazi disputed Shell's expense and profit figures and sought $28 million in damages for alleged fraud and breach of contract under the Petroleum Marketing Practices Act. Sentis Group Inc. v. Shell Oil Co., No. 07-2308 (8th Cir.)

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.

Shell owes gov’t P21B in back taxes says Bureau of Customs

MANILA, Philippines – A giant oil firm has been defrauding the government of some P21 billion in taxes and penalties involving the importation of a component of unleaded gasoline since 2006, the Bureau of Customs has claimed.

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.

Former oil executive pleads guilty in fraud scheme

A former oil executive accused of diverting more than $1 million from a Shell Deepwater Development contract for his personal use has pleaded guilty to income tax evasion and mail fraud.

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.

SFO investigators set to force BAE’s hand

SFO chief Richard Alderman has visited the US to meet Department of Justice investigators who are probing BAE's controversial multi-billion pound al-Yamamah arms deal with Saudi Arabia.

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.

Dutch Shell Pension Fund Scandal: Negligent Administration?

The shock waves have however been such that Clive Mather, Chairman of the trustees of the Shell Contributory Pension Fund, has felt it necessary to send a message of reassurance to Shell UK pensioners. Dutch Shell pensioners will no doubt find it informative to contrast their uncertain situation with that of their UK counterparts.

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.

Card cloners hit hundreds on Shell forecourts

A Shell spokeswoman said: "Shell has been supportive of the police, Apacs and the card service provider in their ongoing investigations into this serious form of organised crime and identity theft."

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.

Hundreds of card holders hit by another cloning scam at Shell stations

The problem first came to light two months ago when customers who had been to the Shell garage in Mayfield Road, Easthouses, near Dalkeith, reported cash going missing. Days later, motorists who had used the Shell petrol stations in Crewe Toll and Craigleith Road began reporting stolen money. The next to be hit were people using the ATMs at the Shell garages beside the Lizzie Brice roundabout on the A71 and next to St John's Hospital in Livingston.

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.

22 June 2008: AG Announces $120 Million Settlement with Shell

HARRISBURG - Attorney General Tom Corbett announced a $120 million settlement of a U.S. class action lawsuit against Royal Dutch Shell, which was accused of overstating oil and natural gas reserves and artificially inflating stock prices over a five year period, from April 1999 to March 2004.

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.

Ex-UBS Banker Pleads Guilty in Tax Evasion (*Royal Dutch Shell CFO Peter Voser is a director of scandal hit UBS)

Mr. Birkenfeld’s testimony, the centerpiece of a widening investigation into UBS and its wealthy American clients, blew a hole in the wall of secrecy surrounding the world of Swiss banking. Under pressure from the authorities, UBS has been considering disclosing the names of thousands of its wealthy clients in the United States.

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.

Nigeria probes award of oil blocks under Obasanjo

Royal Dutch Shell warned last month that the government risked undermining investor confidence after Mr Yar'Adua demanded that Shell and ExxonMobil must pay a total of $1.9bn in unpaid taxes and revenues, following a government committee review of contracts for offshore oilfields signed in 1993.

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.

Is it right or fair the describe the Shell reserves scandal as a “Fraud”

Christopher Cox, the Chairman of the SEC is on record as describing the scandal as a “fraud” when he listed European frauds.

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.

Obama: Shell connections

Broderick Johnson, a registered lobbyist for Shell and Verizon, is also a voluntary adviser to Mr Obama...

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.

Jeroen van der Veer and the Shell reserves fraud

There was speculation in the news media about the involvement of Jeroen van der Veer, a Group Managing Director. Recently published court documents relating to the remaining litigation arising from the scandal throws more light on his involvement

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.

BAE chairman seeks end to graft claims

A report by Lord Woolf, the former lord chief justice, into the company’s business ethics on Tuesday revealed its top management had admitted failing “to pay sufficient attention” to ethical standards that could have damaged its reputation.

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.

Jeroen van der Veer cuts a deal with U.S. Attorneys

As you are probably aware, Sir Philip has already threatened to take legal action in respect of allegations accusing him of being a fraudster - an entirely accurate description based on the extensive evidence I have seen.

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.

Royal Dutch Shell European Fraud

Financial Times: It is vital that we all work together, says SEC

“…Cox… became chairman of the Securities and Exchange Commission in August…”: “He highlighted US “scandals” at Enron, WorldCom, HealthSouth, Global Crossing, Qwest and Tyco. But he said they were not unique to the US, and noted “European frauds” at Vivendi, Royal Dutch Shell and Parmalat. “Cross-border collaboration in international enforcement is growing in importance because massive financial frauds by major market participants have rocked the global financial world,” he said.”

Friday 7 October 2005

By Andrew Parker in New York

Published: October 7 2005

The new head of the chief US financial watchdog yesterday pledged co-operation with overseas securities regulators to nurture investor confidence.

Christopher Cox, who became chairman of the Securities and Exchange Commission in August, said cross-border collaboration was perhaps most important in dealing with wrongdoing by companies and individuals.

His speech, to a conference of lawyers, was the first time Mr Cox had publicly addressed the international dimension of his work. read more

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.