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| | BBC NEWS | Business | Statoil fined over Iranian bribes |
 | | Former director of Statoil's international department, Richard John Hubbard, was also fined 200,000 Norwegian kroner, "or 20 days imprisonment in default of payment", for his role in the affair. |
 | | Statoil was found guilty under a law introduced on 4 July 2003. |
 | | This is in line with the findings in Statoil's own report which found that the man behind Horton Investment, Mehdi Hashemi Rafsanjani, son of former Iranian President Hashemi Rafsanjani, was not in a position to influence the awarding of oil and gas contracts to foreign firms. |
| news.bbc.co.uk /1/hi/business/3849147.stm (403 words) |
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