Former Yara executives sentenced to prison in corruption case

Prosecutors had accused the men of paying around $8 mn in bribes to officials in India and Libya for the right to establish joint ventures

Reuters Oslo
Last Updated : Jul 07 2015 | 8:30 PM IST

A Norwegian court sentenced four former top executives at Yara, the world's biggest nitrate fertiliser maker, to prison on Tuesday for paying bribes in Libya and India, in one of Norway's biggest corruption scandals.

Prosecutors had accused the men of paying around $8 million in bribes to officials in India and Libya - including to the family of former Libyan leader Muammar Gaddafi's oil minister and the family of a financial adviser in India's Ministry of Chemicals and Fertilizers - for the right to establish joint ventures.

Former CEO Thorleif Enger got the longest sentence of three years. His lawyer said he would appeal the sentence.

Former chief legal officer Kendrick Wallace was sentenced to 2-1/2 years in prison, while former head of upstream activities Tor Holba and former deputy CEO Daniel Clauw were both given two-year jail terms years, court documents showed.

Clauw was sentenced for gross corruption in India but was acquitted of charges over bribes in Libya.

Holba was the only one of the four charged solely for paying bribes in India.

Holba and Clauw will appeal their sentences, their lawyers said. A representative for Wallace could not immediately be reached for a comment.

Oslo-based Yara acknowledged last year that it had paid the bribes and agreed to pay a 295 million Norwegian crowns ($35.91 million) fine.

The case started in 2011 when Yara contacted Norwegian authorities, saying it had uncovered cases of corruption dating to prior to 2008. The men were charged with gross corruption, which carries a maximum prison term of 10 years.

($1 = 8.2143 Norwegian crowns)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 07 2015 | 8:02 PM IST

Next Story