DOJ: No prosecution of Shell Oil for reserves overstatement

[JURIST] The US Justice Department has officially ended its probe into Royal Dutch/Shell Group [corporate website], announcing on Wednesday that it will not prosecute the company for overstating gas and oil reserves [JURIST report]. Shell had previously settled civil investigations [JURIST report] by both the US and UK governments, and accepted the resignation of its chief financial officer [JURIST report]. Shell said it "appreciates" [press release] the decision. AP has more.



 

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