Corruption rings the distorted bells of capitalism

corruption

No wonder, I would say, that corruption exist in a small but rich country like Norway too. We allways hear about the big guys in corruption, like China, Russia, Indonesia, Brazil, USA, but not Norway. Let us do something about that with this story:

The conomic crimes authority in Norway has found fertiliser supplier Yara guilty of corruption involving deals in Libya, India and Russia and ordered it to pay 295 million kroner ($48 million) in fines.

The world’s biggest supplier of nitrogen fertilisers acknowledged in January it had paid bribes in the three countries totaling more than 70 million kroner between 2004 and 2009. Norwegian authorities were informed by the company in 2011, that the company might have been involved in corruption in advance of negotiations in 2008 (that led to an investment of 1.5 billion Norwegian kroner in a 50 percent share of a Libyan Norwegian Fertiliser Company,

The agency has started an investigation into whether it can prosecute individual company members for the crimes. Already some senior leaders at the time of the corruption have been charged. Oslo-based Yara International ASA has operations in 50 countries, employing 10,000 people. It sells fertilisers and other crop nutrition programs to customers in 150 countries.

Here is part two, which is about the mostly state owned company Statoil:

In 2002/3 the company was involved in a serious corruption scandal in Iran. The Rafsanjani-Statoil corruption case as it was named, refers to extensive use of corruption in an attempt to secure lucrative oil contracts. This was mainly achieved by hiring the services of Horton Investments, an Iranian consultancy firm owned by Mehdi Hashemi Rafsanjani, son of former Iranian President Hashemi Rafsanjani. Horton Investments was paid USD 15,2 million by Statoil to influence important political figures in Iran to grant oil contracts to the company. In 2004 Statoil was found guilty of corruption by the Norwegian courts and ordered to pay 20 million kroner in fines. It has also been corruption accusations on Statoils involvment in countries like Angola, Azerbaijan and Kazakhstan. But no alleged proof have been tried in Norwegian courts yet.

The myth on Norway as a corruption free country has finely been dismissed and the people of this country have found out that we are not as clean as our authorities want us to think. Likewise the outside world will also, I hope, look at Norway with some more realistic eyes than before!

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About ivarjordre

painter, aktivist, writer, revolutionary, human
Dette innlegget vart posta under Our global world, Politic&Society og merkt , , , , , , , , , , , . Bokmerk permalenkja.

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