Økokrim charges Yara
(Thomson Reuters ONE) -
Oslo (2011-05-12): The Norwegian National Authority for Investigation and
Prosecution of Economic and Environmental Crime ("Økokrim") has launched charges
against Yara International ASA.
Yara is charged with violation of the Norwegian penal code paragraph 276a, cf
paragraph 276b.
On 8 April Yara initiated an external investigation and at the same time
notified Økokrim of the possibility that criminal offenses may have occurred
before October 2008, in connection with the negotiations preceding the company's
investment in Libya. In connection with the on-going investigation process,
a Yara employee has brought forward information relating to a separate matter,
and Yara has approached Økokrim with this information.
The information relates to a project in India during the period 2006-2007. The
project aimed to establish a joint venture for the production and sale of
fertilizer, but was not realized. An initial investigation has uncovered a
payment of USD 1 million to a third party. Based on this information Økokrim has
launched an investigation.
"Regardless of what Økokrim conclude, these charges are very serious for Yara.
We are cooperating with Økokrim and await the results of the investigation. I am
satisfied that the investigation we have initiated has brought this matter to
the surface, but disappointed that the information did not come at an earlier
stage if it emerges that Yara has committed an offense," says Jørgen Ole
Haslestad, President and CEO of Yara International ASA.
Contact
Thor Giæver, Investor Relations
Cellular (+47) 48 07 53 56
E-mailthor.giaver(at)yara.com
Asle Skredderberget, Media Relations
Cellular (+47) 41 44 36 10
E-mailasle.skredderberget(at)yara.com
Bernhard Stormyr, Media Relations
Cellular: +47 90 10 76 85
E-mailbernhard.stormyr(at)yara.com
Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,300 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
[HUG#1514866]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 54576
Anzahl Zeichen: 3415
contact information:
Town:
Oslo
Kategorie:
Business News
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"Økokrim charges Yara"
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