Eni Chief Executive Paolo Scaroni and AEM Milano Chairman Giuliano Zuccoli are under investigation as part of a probe by Milan magistrates into possibly fraudulent natural gas metering, the energy companies said on Monday.
Eni and AEM's offices were raided on Monday by officers of Italy's financial police, the companies said. In a statement Eni said the police had removed documents. Eni said the companies it controlled which were involved in the investigation were gas distributor Snam Rete Gas and Italgas.
Scaroni said in a statement the company was not troubled by the investigation, which concerns non-booked gas, which is the difference between gas that Eni buys from its suppliers and that which Eni then sells to distributors. Scaroni said the difference costs it about 100 million cubic metres of gas a year.
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