Shell hit with $120m fine in US

Oil giant Shell said today it had been hit with a $120m (€99.5m) fine following its reserves crisis earlier this year.

Shell hit with $120m fine in US
Thu, 29 Jul, 2004 - 10:14

Oil giant Shell said today it had been hit with a $120m (€99.5m) fine following its reserves crisis earlier this year.

The penalty was imposed by the Securities and Exchange Commission (SEC) in the US after an inquiry which found that Shell violated reporting, record-keeping and anti-trust rules.

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