Indictment and dropped charge for Yara employees
As a result of Økokrim's indictment, Yara has decided to placed Tor Holba on paid leave until the outcome of the trial is known.
In addition three former Yara employees are indicted in the case.
Yara underlines that all persons involved in the case are considered innocent until proven by a court to be otherwise.
Charges have been dropped against Hallgeir Storvik. Storvik was also a member of Yara's executive management team until May 2012. He has since been responsible for Yara's mining activities.
"For Yara as a company, this has been a very serious case, and the indictments underline its gravity. At the same time, I am satisfied that Hallgeir Storvik is no longer under suspicion," says President and CEO Jørgen Ole Haslestad.
These proceedings are a result of Yara's own notification in 2011 of possible irregularities to Økokrim. At the same time, Yara launched an external investigation into the matter.
On the evening of Tuesday, January 14th, the Board of Yara accepted a corporate fine and confiscation totalling NOK 295 million. The fine relates to earlier incidents connected to the company's establishment in Libya, an unrealized project in India and activities in Switzerland.
