Tribunal Rejects Ex-Shell Man's Cries of Foul Play

Summary


FORMER Shell chairman Sir Philip Watts has lost a battle with the City regulator over its handling of the oil giant's reserves scandal.

Watts, who left Shell in March 2004, claimed the Financial Services Authority's damaging final notice against Shell in August last year which led to a Pounds 17m fine had prejudiced the watchdog's investigation into his own role in the affair.

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Extract


Tribunal Rejects Ex-Shell Man's Cries of Foul Play

He argued that the authority's decision notice was not ...

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