Former Yara executives jailed for corruption

Former Yara International chief executive Thorleif Enger and three senior executives have been convicted of paying bribes to secure business in Libya and India. The trial at Oslo Crown Court is believed to be Norway’s biggest case of corporate corruption, and lasted for three months.

Mr Enger, who retired from Yara in 2008, has been jailed for three years, with former executive vice presidents Daniel Clauw and Tor Holba receiving two year terms. The company’s former legal director Ken Wallace was sentenced to 30 months in jail.

Only Mr Holba was still working at Yara when the charges were brought, and he was placed on leave. All four defendants had pleaded not guilty to charges of either paying bribes to build a fertiliser manufacturing plant in Libya or to secure business in India, or for offences in both countries.

The three judges concluded that the bribery had been well-planned, and all four defendants had the opportunity to stop the corruption. Instead, they had decided not to follow the company’s own anti-corruption procedures.

Mr Enger is reported to have appealed against his conviction.

Posted on July 23, 2015 and filed under Company News, People.