Royal Dutch/Shell said it is continuing discussion and correspondence with “several” regulatory authorities including cooperating with a formal non-public investigation by the US Securities and Exchange Commission over the brewing scandalinvolving the shortfall of its oil and gas reserves. In a statement, the company acknowledged that is subject to “related ongoing legal actions in the…
COMPANY: Shell in discussion with regulators over reserves shortfall cover-up
Posted on March 23, 2004 by EnergyAsia