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Yara uncovers further unacceptable payments

By BFN News | 09:58 AM | Friday 23 March, 2012


Yara International initiated on 8 April 2011 an external investigation of possible corruption. That investigation has now uncovered unacceptable payments from the company's joint venture in Switzerland. The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (�?KOKRIM) has been notified of the new findings. "We will get to the bottom of this. Such breaches of Yara standards are unacceptable, but I am satisfied that Yara initiated the external investigation, enabling us to uncover these new incidents. "At the same time, I am naturally both upset and disappointed that we have made additional findings," said Jørgen Ole Haslestad, President and CEO of Yara International. Story provided by StockMarketWire.com