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PetroNor gives update on investigations instigated against Ex CEO

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PetroNor E&P ASA has previously announced that the National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway (Økokrim) in December 2021 opened investigations into criminal charges and allegations of corruption brought against individuals related to the Company, namely its previous CEO and his business companion who together hold shares in the Company through their holding companies.
There are no further updates in relation to the investigations against these individuals.
The Company has, however, received a notification from Økokrim that the Company’s Chairman of the Board, Mr. Eyas Alhomouz (US citizen), has been made subject to the ongoing investigations carried out by Økokrim and has been given the status as suspect, and that the U.S. Department of Justice has opened a separate investigation into these allegations, based on information from Økokrim.

As previously announced, no charges have been brought against PetroNor nor any of its Group companies.

Information Source: Read More

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