Statoil faces laundering charges

Swiss authorities are investigating possible money-laundering related to charges that Statoil ASA, Norway’s largest oil company, paid bribes to win business in Iran, the Swiss Federal Prosecutor’s Office said.

The inquiry “refers to acts of alleged corruption that took place in Norway,” said Andrea Sadecky, a spokeswoman at the prosecutor’s office in Bern. It was started “because we had well- founded money-laundering suspicions against someone”.