BR100 Increased By (1.28%)
BR30 Increased By (1.58%)
KSE100 Increased By (0.95%)
KSE30 Increased By (1.01%)
BECO 5.76 Increased By ▲ 0.17 (3.04%)
BML 63.88 Increased By ▲ 2.85 (4.67%)
BOP 33.69 Increased By ▲ 0.44 (1.32%)
CNERGY 8.23 Increased By ▲ 0.18 (2.24%)
DCL 11.46 Increased By ▲ 0.16 (1.42%)
FCCL 53.33 Increased By ▲ 0.40 (0.76%)
FCSC 5.60 Increased By ▲ 0.26 (4.87%)
FFL 17.87 Increased By ▲ 0.26 (1.48%)
FNEL 1.31 No Change ▼ 0.00 (0%)
HUMNL 11.20 Increased By ▲ 0.08 (0.72%)
KEL 7.99 Increased By ▲ 0.10 (1.27%)
KOSM 5.47 Increased By ▲ 0.14 (2.63%)
MLCF 86.25 Increased By ▲ 0.90 (1.05%)
NBP 185.26 Increased By ▲ 3.97 (2.19%)
PACE 12.25 Increased By ▲ 0.72 (6.24%)
PAEL 40.49 Increased By ▲ 1.08 (2.74%)
PIAHCLA 25.80 Increased By ▲ 0.17 (0.66%)
PIBTL 17.45 Increased By ▲ 0.30 (1.75%)
PPL 226.50 Increased By ▲ 1.68 (0.75%)
PRL 34.49 Increased By ▲ 0.31 (0.91%)
PTC 66.12 Increased By ▲ 1.04 (1.6%)
SEARL 90.68 Increased By ▲ 1.08 (1.21%)
SSGC 26.95 Increased By ▲ 0.64 (2.43%)
TELE 8.62 Increased By ▲ 0.24 (2.86%)
THCCL 70.87 Increased By ▲ 1.53 (2.21%)
TPLP 11.31 Increased By ▲ 1.03 (10.02%)
TREET 24.60 Increased By ▲ 0.40 (1.65%)
TRG 71.76 Increased By ▲ 2.22 (3.19%)
WAVES 11.44 Increased By ▲ 0.41 (3.72%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)

An Oslo court on Tuesday sentenced the American chief legal adviser of Norwegian fertiliser giant Yara International to seven years in prison for aggravated bribery in Libya and India.
In December, an Oslo appeals court upheld a guilty verdict against Kendrick Wallace, but cleared three other former executives in the case: two Norwegians, including former CEO Thorleif Enger, and a Frenchman.
Wallace's sentence, which the lower court had set at two-and-a-half years, was extended because the appeals court found he had played a "central" role in the bribery payments.
In addition, "as senior legal advisor he occupied a central position in the company's anti-corruption work", the court ruled.
In what the Norwegian media has dubbed "the biggest corruption scandal in Norwegian history", the partly state-owned Yara paid a record 295 million kroner (32.4 million euros, $38.5 million) fine in January 2014 for lining the pockets of top Libyan and Indian officials in order to win contracts.

Comments

Comments are closed for this article.