North Sea Oil Deal Halted by Fraud Allegations

Major North Sea oil deal stalls amid fraud allegations against Viaro Energys owner, Francesco Mazzagatti. Deltic Energys acquisition by Viaro Energy faces significant delays due to regulatory investigation. Mazzagatti denies claims of stealing millions from previous employer. Lord Spencer, Deltics largest shareholder, stands to benefit financially. Viaros attempt to purchase gas fields and terminal from Shell also held up. Both companies express confidence in completing deals by year-end, despite ongoing legal challenges and regulatory scrutiny.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.