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Chemical Week Magazine :: Newsbriefs
Norway fines Yara for corrupt payments
6:30 AM MST | January 17, 2014
Yara International (Oslo) says that its board has informed the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Ã˜kokrim) that the company acknowledges guilt and accepts a corporate fine and confiscation totaling 295 million Norwegian kroner ($48.3 million). The fine relates to agreements dating back to 2007 and before. Yara launched an external investigation in 2011 and notified Ã˜kokrim of possible irregularities. The main findings of the external irregularities were published in June 2012. The company was...
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