Sakhalin bribery offer

(Dow Jones, London, 27 October 2005) A senior executive of a Royal Dutch Shell PLC-led joint venture on Russia's Sakhalin Island offered $50,000 in cash payment as part of land rental negotiations, a local mayor told Dow Jones Newswires. Sakhalin Energy Investment Co. Ltd., the company involved, denied the allegation. And the mayor himself withdrew it shortly after Sakhalin Energy denied it.