Statoil made the consulting agreement with Mehdi Hashemi Rafsanjani, the son of former Iranian President Hashemi Rafsanjani, though his name did not appear in the paperwork, Oekokrim said. That raised suspicions that the money might have been intended to influence Iranian public officials.
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Conscientious Statoil To Accept $3 Million Fine
Oil and gas company of Norway Statoil ASA on Thursday is likely to accept a $3 million fine for alleged corruption in Iran, but without admitting or denying guilt in the case
Oil and gas company of Norway Statoil ASA on Thursday is likely to accept a $3 million fine for alleged corruption in Iran, but without admitting or denying guilt in the case.
Oekokrim, Norway's economic crime police claimed a $15.2 million consulting deal that the Company made with Iran's Horton Investment Ltd. in June 2002 was an attempt to improperly influence Iranian oil officials. It imposed a fine of $3 million on Statoil.
"Statoil has accepted the penalty without admitting or denying the charges. Statoil accepts that there were violations of its own ethical policies and standards, and has taken a number of steps to prevent a similar situation from arising in the future," the company said in a statement.
Statoil made the consulting agreement with Mehdi Hashemi Rafsanjani, the son of former Iranian President Hashemi Rafsanjani, though his name did not appear in the paperwork, Oekokrim said. That raised suspicions that the money might have been intended to influence Iranian public officials.
Statoil made the consulting agreement with Mehdi Hashemi Rafsanjani, the son of former Iranian President Hashemi Rafsanjani, though his name did not appear in the paperwork, Oekokrim said. That raised suspicions that the money might have been intended to influence Iranian public officials.
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