Convicted Yara executive appeals prison sentence

Ken Wallace, the former chief legal counsel for Oslo-based fertilizer and chemical company Yara International, has decided to appeal the seven-year jail term he received after being convicted of corruption. It’s up to the Supreme Court whether it will hear his appeal. Wallace, an American, was the only one of four former Yara executives who’d […]

Yara’s nightmare draws to an end

One of Norway’s biggest companies, Yara International, may finally be able to heave a sigh of relief, after the last major appeals court action involving corruption at the fertilizer producer played out this week. It resulted in a lengthy prison term for Yara’s former chief legal counsel, the only one of the company’s former top executives to actually […]

Former Yara boss wins his appeal

Thorleif Enger, the embattled former chief executive of Oslo-based fertilizer firm Yara, was acquitted on Friday by the jury hearing his appeal of his conviction for corruption. Two other former Yara bosses were also cleared, with only one member of Yara’s longtime management team convicted of corruption involving Yara operations in Libya and India. The acquittals […]

Yara appeals trial to call new witnesses

Yara International’s former executive in charge of legal issues was testifying in court this week as he and three former colleagues try to overturn their corruption convictions. Several others involved in Yara’s contested business dealings in Libya and India will be testifying for the first time as the case proceeds this autumn, with defense attorneys for […]

Yara’s convicted bosses back in court

Four men who served for many years as top management at Norway’s state-controlled fertilizer company Yara were back in an Oslo courtroom on Tuesday. They’re all trying to reverse their corruption convictions, while the company itself fends off new legal challenges elsewhere and deals with the release of a secret report showing how some Yara customers were […]

Veteran Yara executive fired

Tor Holba, a longtime top executive at Oslo-based fertilizer firm Yara International, has been fired after an Oslo court convicted him and three other former Yara bosses on corruption charges last week. He has appealed his conviction and prison term of two years, but Yara didn’t want to wait for a final outcome in what’s been Norway’s […]

Ex-Yara bosses sentenced to jail

Norway’s largest-ever case of corporate corruption reached a new climax on Tuesday when a judge in Oslo convicted the former chief executive officer of fertilizer firm Yara International and three members of his top management team on charges they’d paid bribes in order to do business in either Libya, India or both. All four men were […]

Yara case set off Libyan probe

Norway’s biggest corruption investigation ever, into alleged bribes paid by former top executives of Oslo-based fertilizer giant Yara International, has also set off a much larger international probe to hunt down money from the regime of Libyan dictator Moammar Gadhafi. Oslo newspaper Dagens Næringsliv (DN) reports that it all started in 2012 with an inquiry from a police investigator […]

Yara finally finds a new CEO

UPDATED: After more than a year of corruption charges and top-level personnel drama at Yara International, the company finally announced on Monday that it had found a new and relatively young chief executive officer. Svein Tore Holsether will take over at the age of 42, and be paid a base salary of NOK 6 million (USD […]

CEO’s defense cites ‘conspiracy theory’

The former chief executive officer of Oslo-based industrial firm Yara has fallen victim to a “conspiracy theory” formed by state prosecutors who failed to present sufficient evidence against him, claimed the defense attorney for Yara’s founding CEO Thorleif Enger. The three-month trial into corruption at Yara during his tenure was winding down this week. Enger’s high-profile […]