Norway fertilizer producer Yara corruption trial set for January

04 April 2014 21:43  [Source: ICIS news]

HOUSTON (ICIS)--Norwegian officials said on Friday that the government’s corruption case against former executives of fertilizer producer Yara has been scheduled for trial starting 5 January 2015 in the Oslo City Court.

Four employees were indicted for allegedly paying bribes to win business in Libya and India, according court documents from the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime.

The former chief executive of Yara, Thorleif Enger, and former top company executives Tor Holba, Daniel Clauw and Ken Wallace are charged with allegations of serious corruption. The four have asserted their innocence.

According to Norway media reports, the trial is expected to be a lengthy ordeal and as such the Oslo court announced it has set aside three months on the docket for the proceedings.

Holba is the only individual who is still with the company but was placed on paid leave when the indictments were issued earlier this year.

In January, Yara accepted a corporate fine of Norwegian kroner (NKr) 295m (€35.9m), the largest fine for corruption ever assessed in Norway, relating to irregularities in its business in Libya, India and Switzerland based on allegations that there was bribery of the son of the former oil minister in Libya, the son of a civil servant in India and two employees of the Russian producer Phosagro.

(€1 = Nkr8.22)

By: Mark Milam
+1 713 525 2653

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