Italian oil giant Eni, has just filed a formal fraud complaint against its former head of oil trading and operation, Alessandro Des Dorides.
Eni is accusing its former trader of misleading ‘all parties to the deal and hiding the role of a small Italian oil trading firm, Napag’.
The complaint is on an Iraqi crude oil shipment. The faile shipment might have included crude oil from Iran, a country under U.S. sanctions for its nuclear programme.
Eni said it rejected the delivery because it did not match the Iraqi Basra Light crude it expected from its counterparty, the Dubai-based trading arm of Nigerian firm Oando.
According to Reuters, two other senior employees were either demoted or suspended as a result of the failed shipment, sources familiar with the matter said.
The company said it had suspended dealings with Napag in February over a separate investigation by Milan prosecutors into suspected obstruction of justice by members of Eni’s former legal team.
Eni said it fired Des Dorides at the end of May, after he had been in his job about six months, for what it said was an unrelated petrochemical deal with Napag in 2018.
Des Dorides has not commented on the matter. Eni has also declined to comment on the matter.