By LIAM MOLONEY and STACY MEICHTRY
ROME -- Milan prosecutors have placed Paolo Scaroni, chief
executive of Italian energy company Eni SpA, under
investigation as part of a probe into possible corruption of
Algerian officials by oil-service company Saipem, which Eni
controls, according to a person familiar with the
The investigation centers on possible "international
corruption," this person said. Another person close to the
investigation said prosecutors are looking into whether Saipem
officials gave kickbacks to procure contracts in Algeria.
An Eni spokesperson quoted Mr. Scaroni as saying he was
"totally uninvolved" in affairs related to the probe. A Saipem
spokesperson said he had no comment.
Mr. Scaroni has not been charged.
Dow Jones Newswires