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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Norway wealth fund’s ethics watchdog probing 14 corruption cases

Posted on 29 January 2016

The ethics watchdog for Norway’s $800 billion sovereign wealth fund, the world’s largest, is stepping up its scrutiny of companies the fund invests in to make sure they are not involved in corruption, an official at the watchdog told Reuters.
Eli Ane Lund, administrative leader of the ethics council, said the watchdog was currently investigating 14 companies for suspected corruption across nine countries. These include Brazilian oil firm Petrobras, which is currently mired in the country’s biggest ever corruption scandal, she said, while declining to name the other companies………………………………………..Full Article: Source


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