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2014-04-01 07:59:00

ENI CEO SENTENCE

ENI CEO SENTENCE

CNBC. An Italian court has sentenced the chief executive of Italian oil and gas group Eni to a prison sentence and a ban from holding public office for violating environmental norms, a court document showed on Monday.

A ruling by a court in the north-eastern town of Rovigo said Eni CEO Paolo Scaroni had been sentenced to three years in prison and was banned from holding public office for five years.

Scaroni told CNBC he was shocked by the decision, which he said referred back to events that took place between 2002 and 2005.

"I am in no way involved in this matter and will appeal immediately," he told CNBC in an statement emailed by an Eni spokesperson.

"I am surprised by this decision – as the defense has shown, the Enel Porto Tolle plant has always operated within legal standards," Scaroni added.

The Italian court said in the document seen by Reuters that the CEO of utility Enel, Fulvio Conti, had been acquitted in the case.

Scaroni's lawyer, Alberto Moro Visconti, confirmed his decision to appeal.

"The charges have no grounds. In addition, they date so far back that, had they occurred, they would have already been time-barred. The decision is inexplicable," he told CNBC in a statement emailed by Eni.

Tags: ENI

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ENI CEO SENTENCE
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U.S. INDUSTRIAL PRODUCTION UP 0.1%

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ENI CEO SENTENCE
2018, August, 17, 11:25:00

NORWAY'S PETROLEUM PRODUCTION: 1.911 MBD

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ENI CEO SENTENCE
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GAZPROM NEFT NET PROFIT UP TO 49.6%

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ENI CEO SENTENCE
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OIL PRICE: NEAR $72

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