ShellNews.net: The Dow Jones report about the $50,000 reminds me of a comment that I heard within Shell - something to the effect that Shell were under increasing financial pressure from the Russian "mafia"…: “may be little more than the tip of the iceberg”: Friday 13 January 2006

From a Shell Insider

The Dow Jones report about the $50,000 reminds me of a comment that I heard within Shell - something to the effect that Shell were under increasing financial pressure from the Russian "mafia" - it's not exactly unusual for cash to change hands in Russian deals, but this example (while perhaps better documented than others) may be little more than the tip of the iceberg.

Related Article: DOW JONES NEWSWIRES: Sakhalin Mayor Says Shell Unit Offered Cash Payment: "A senior executive of a Royal Dutch Shell PLC (RDSB.LN)-led joint venture on Russia's Sakhalin Island offered $50,000 in cash payment as part of land rental negotiations, a local mayor told Dow Jones Newswires.": Gennadiy Zlivko, the mayor of Korsakov, said David Greer, deputy chief executive of Sakhalin Energy Investment, offered the unusual form of payment in a meeting in May.": "Proposing a large cash payment "isn't appropriate ... It would raise questions," said David Nussbaum, chief executive of anti-corruption organization Transparency International.": Posted Friday 13 January 2006: READ

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