Kongsberg avoids corruption trial
Kongsberg Gruppen, one of Norway’s many state-owned companies to face corruption charges in recent years, has avoided indictment while one of its former sales executives must defend himself in court against charges of fraud, money laundering and tax evasion. He denies any wrongdoing, claiming his contested transactions with Romanian contacts were in Kongsberg’s best interests and approved by the company.
Finn Jebsen, chairman of the board of Kongsberg Gruppen, said the company was “satisfied” that it’s not being indicted on corruption charges. Its former sales director for Eastern Europe, however, has been indicted on charges of fraud, money laundering and tax evasion. PHOTO: Kongsberg Gruppen
Kongsberg, a major industrial firm founded as a Norwegian weapons producer in 1814, has been under a cloud since it was first charged with corruption in February 2014, just as the company was celebrating its bicentennial. Both the parent company and its Defence & Aerospace division were suspected of paying bribes in connection with its sales and deliveries ..
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