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Shell admits money laundering

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria.

It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case.

Shell and an Italian oil company paid $1.3bn (£1bn) to the Nigerian government for access to the field.

Investigators claim $1.1bn was passed to a firm controlled by Mr Etete.

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