Agence France-PresseFebruary 7, 2013 13:15
The chief executive of Italian energy major ENI, Paolo Scaroni, is under investigation over alleged bribes linked to work in Algeria, ANSA news agency and Dow Jones Newswires reported on Thursday.
Financial police raided Scaroni's home in Rome and ENI's headquarters near Milan as part of their investigation, which revolves around ENI's oil services subsidiary Saipem, the reports said.
Contacted by AFP, ENI declined to comment.
ENI shares plunged on the Milan stock exchange following the reports, closing the session with a 4.62 percent plunge to 17.33 euros.