Kongsberg Being Investigated Under Corruption Allegations

By MarEx 2014-02-25 13:17:00

The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) has taken out charges against Kongsberg with allegations of corruption

The charge is related to allegations of corruption (cf. Norwegian penal code §276a, cf. §276b, cf. §48a) related to deliveries of communication equipment to Romania from 1999 to 2008.

Kongsberg was informed about the charges today and the Chairman of the Board has been informed.

In a statement, Kongsberg said it will cooperate closely with Økokrim and other relevant authorities to clarify all the facts in relation to the charges. The company also said it has "zero-tolerance for corruption among its employees, consultants and business associates. As a company with considerable international activities Kongsberg has a comprehensive anti-corruption program and high ethical standards is an integrated part of our operations."