A 64-year-old oil rig broker has been sentenced to prison for four years and six months for aggravated tax fraud in Drammen District Court. The verdict has been appealed.
According to Dagens Næringsliv, the judgment relates to income of at least 137 million with a net worth of at least 203 million.
‘As far as I know, this is the largest case of its kind, ever, in Norway. I can’t remember a case involving evasion of personal income tax involving such enormous amounts coming up previously in Norway’, said the leading lawyer, Petter Nordengveien, of Økokrim.
The verdict was delivered in court on Friday and was appealed on the spot. In 1998, the 64-year-old reported moving from Norway to Cyprus, and has since then been registered as living there.
The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) and Norwegian tax authorities believe the man has remained taxable in Norway since 2005.
Source: NTB scanpix / Norway Today