Tube maker Tenaris said this week a first-instance judge in Argentina has cleared the company’s chairman and CEO, Paolo Rocca, of corruption charges, as reported by SteelOrbis.
Rocca, whose family owns a controlling stake at Tenaris, was accused in 2018 by local prosecutors of being associated with former left-wing president Cristina Kirchner, who was also charged with corruption.
The so-called “notebooks” corruption case centered on bribes reportedly paid to businesses to secure contracts from the former president, Cristina Kirchner.
“The first-instance judge’s decision concerning Rocca was not appealed by either the prosecutor or the government unit prosecuting economic crimes (UIF),” Tenaris said in a statement.