From Financial Crime Education:
Norwegian police are investigating DNB (DNB.OL), the country’s largest bank, to establish whether any laws were broken in its handling of payments from an Icelandic fisheries firm to Namibia, police and the bank said on Thursday.The outro from that earlier post:
The investigation follows a report by Iceland’s public broadcaster this month that said Icelandic fisheries group Samherji had made illicit payments worth millions of dollars to secure fishing quotas in Namibia.
Samherji and DNB have both denied wrongdoing.
The case has led to the arrest of Namibia’s former justice minister and cast a shadow over the country’s ruling party as it contests an election....MORE
...Johannes Stefansson, a former company employee turned whistleblower, told Icelandic media he had approved the kickbacks with Samherji’s backing. The company habitually “does whatever it takes to get its hands on the natural resources of other nations”, Stefansson said....Interesting mission statement:
"Here at Samherji our mission is to do whatever it takes to
get our hands
on the natural resources of other nations"
