CORR*: Statoil: Horton case closed
(Thomson Reuters ONE) - Statoil (OSE: STL, NYSE: STO) today announced that the DeferredProsecution Agreement (DPA) the company entered into as a part of thesettlement of the Horton case, has expired as scheduled.On 13 October 2006 the company reached agreements with the USSecurities and Exchange Commission (SEC), the US Department ofJustice (DOJ), and the United States Attorney's Office for theSouthern District of New York (USAO) that settled the agencies'investigations under US law related to Statoil's 2002 contract withHorton Investments Ltd. for business development in Iran.Statoil has fulfilled its obligations under the DPA, and the criminalcharges have now been dismissed. The company's controls, policies andprocedures related to compliance with the US Foreign CorruptPractices Act will no longer be subject to review by an externalCompliance Consultant."The last years we have strengthened our systems, procedures andtraining within ethics and anti corruption. While the expiration ofthe DPA is an important milestone, and we are content with closingthe Horton case, our strong commitment to operating ethically andtransparent remains," said Statoil's chief executive Helge Lund.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 19.11.2009 - 17:14 Uhr
Sprache: Deutsch
News-ID 8641
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