Fresh Evidence of Institutionialised Corruption within Royal Dutch Shell

international | anti-capitalism | news report Saturday November 10, 2007 13:05 by Soundmigration

Doing the dirty again!!!!

Whilst we have come to expect little else for corporations like Royal Dutch Shell, yesterdays fines imposed on rogue traders trying to fix the price of natural gas clearly show that such companies are rotten to the core, solely driven by profits and greed and have little or no interest in social respondsibility.

These guys run cartels daily that effects all of us.

Capitalisms Crooks and Clones: Royal Dutch Shell traders face $1M dollar fines

Whilst we have come to expect little else for corporations like Royal Dutch Shell, yesterdays fines imposed on rogue traders trying to fix the price of natural gas clearly show that such companies are rotten to the core, solely driven by profits and greed and have little or no interest in social respondsibility.

These guys run cartels daily that effects all of us.

"Five Royal Dutch Shell PLC energy traders will pay a $1 million total penalty to settle civil charges that they tried to manipulate natural-gas prices in 2001 and 2002.

The federal Commodity Futures Trading Commission said Friday that the current and former traders at Shell's Coral Energy subsidiary would pay the fine.

Coral's name was changed in September to Shell Energy North America.

The traders, Denette Johnson, Courtney Cubbison Moore and Robert Harp of Texas and John Tracy and Kelly Dyer of California, agreed to pay the fine without admitting or denying the allegations.

The CFTC had charged that the traders submitted dozens of false reports on natural-gas prices and supplies to trade publications and directed traders to report prices in a way that would improve their trading positions......"
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