Shell accuses Argentina of discrimination

BUENOS AIRES


The government of President Nestor Kirchner on July 2 announced a series of fines against Shell for violations of the rarely invoked 1974 Law of Supply that targets fuel hoarding and price-fixing.

In addition to fines, the law — revoked in 1991 and reinstated in 1999 — also calls for up to four years prison for law breakers. Internal Commerce Secretary Guillermo Moreno recently took Shell to court over its alleged violations and requested that Aranguren and other top company executives be placed under arrest.

AFP