Norwegian Execs Deny Corruption

Four members of Norwegian fertiliser giant Yara International’s former management team have pleaded not guilty before Oslo district court to charges of “aggravated bribery” in Libya and India.

The company’s former CEO Thorleif Enger was charged alongside ex-upstream head Tor Holba, former Chief Operating Officer Daniel Clauw and ex-Chief Legal Officer Kendrick Wallace.

Yara has already accepted a fine and confiscation of 295 million kroner ($48 million) in relation to the case, which relates to activities between 2004 and 2009.

According to AFP, the charges are related to the alleged payment of at least $5 million in bribes to the son of Libya’s ex-oil minister Shukri Ghanem, in connection with the construction of a fertiliser plant together with the National Oil Corporation (NOC) and the Libyan Investment Authority (LIA).

Ghanem was found dead in 2012 in the river Danube in Vienna, having suffered a heart attack.

(Source: AFP)

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