The Norwegian police said on Friday they had indicted four former executives of fertiliser maker Yara, including the former chief executive officer (CEO) and top legal counsel, with paying $8 million in bribes in Libya and India.
The police said Yara executives had bribed officials, including the family of former Libyan leader Muammar Gaddafi's oil minister and the family of a financial advisor in India's ministry of chemicals and fertilisers, committing gross corruption, which carries a maximum prison term of 10 years.
Oekokrim, the economic crime unit of the national police, said on Friday it had indicted former CEO Thorleif Enger, former chief legal officer Kendrick Wallace, former head of upstream activities Tor Holba and former deputy CEO and current Potash Corp Director Daniel Clauw for either directly negotiating the payments or consenting as the firm tried to establish joint ventures in the two countries.
