Økokrim, Norway’s National Authority for Investigation and Prosecution of Economic and Environmental Crime has raided the offices of Kongsberg Group today in an effort to confirm or refute the suspicion of corruption related to deliveries of communication equipment to Romania from 1999 to 2008.
The charges carry a possible sentence of up to 10 years in prison.
In a statement on their website, Kongsberg notes they “will cooperate closely with and other relevant authorities to clarify all the facts in relation to the charges.”
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The US said Russia and Ukraine have agreed to a ceasefire in the Black Sea and to work out mechanisms for implementing their ban on strikes against energy infrastructure.
CK Hutchison Holdings Ltd. warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong conglomerate reported weaker-than-expected profit while a ports sale plan faces uncertainty after infuriating Beijing.
The U.S. hit targets across Yemen in airstrikes overnight, including Saada province, which Yemeni sources say is a long-time hideout for Iran-aligned Houthi leaders, and the Red Sea port city of Hodeidah.
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