Norwegian authorities charge two Yara execs
Yara International ASA said May 18 that the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) has charged two members of the corporate executive management team, Head of Upstream Tor Holba and CFO and Head of Strategy Hallgeir Storvik. The charges are related to issues within the scope of the ongoing investigation of Yara, which commenced in 2011. "I am surprised by this development. However, Yara has had a close cooperation with Økokrim throughout the process, and will continue this also in this new phase. It is important for us to see this process through to its conclusion, and we will now await Økokrim’s further investigation," said Jørgen Ole Haslestad, Yara president and CEO.