Norwegian company suspected of corruption in India

Yara said today it is cooperating with authorities in the matter, which surfaced during a company probe into other irregularities in Libya.

It said an employee revealed a payment of USD 1 million had been made to a third party during the 2006-2007 project in India, aimed at establishing a fertilizer joint venture.

In April, Yara launched an investigation into possible fraud involving a joint venture in Libya.
CEO Joergen Ole Haslestad says he is satisfied that the company's probe "brought this matter to the surface," but disappointed it wasn't revealed earlier.

DH Newsletter Privacy Policy Get top news in your inbox daily
Comments (+)