Eduardo Antonello – partner in Tor Olav Trøim’s Magni Partners – is suspected of corruption and money laundering while he was executive vice president of the John Fredriksen-dominated rig company Seadrill.
The investigation in Brazil is at an early stage, and neither Antonello nor other persons in the case have the status of defendants in the investigation. So far, Brazil’s public prosecutors have only persuaded the courts to carry out more raids and other investigative steps.
Now Golar LNG, where investor Tor Olav Trøim is chairman of the board and among the largest owners, writes that Antonello is resigning as CEO of the company Hygo Energy Transition, the recently separated subsidiary that was to be listed before the suspicion against Antonello was made known. E24 announced the departure first.
Antonello has previously stated this about the investigation to DN:
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– I’m sorry, but I really can not comment on this now. There is an ongoing investigation. I hope everything will be properly clarified during the investigation.
“Want to protect”
It was in September that the investigation became known, the same day that the Brazilian authorities raided the Brazilian office of the John Fredriksen-dominated rig company Seadrill in connection with the corruption investigation. The Brazil offices of Sapura, a joint venture between Seadrill and Malaysian Sapura Energy, were also searched.
On September 29, it became clear that Antonello was going on leave from his position to focus on the charges against him.
“The board has accepted Antonello’s resignation, and wants to protect and isolate Hygo from any misleading interpretation caused by the recent allegations involving Antonello and his actions before he started working for Hygo,” the company said in a press release on Monday.
Antonello is one of the partners at the very top of Tor Olav Trøim-owned Magni Partners. In recent years, Antonello has been hired from Magni Partners for management positions first in Tor Olav Trøim’s gas company Golar and then in Golar Power, which changed its name to Hygo Energy Transition.
Hydro cut major deal
On Monday also came the news that Hydro is canceling a major letter of intent with Golar Power, for large gas deliveries in northern Brazil.
This summer, Hydro signed a letter of intent with Golar Power to replace large parts of its oil use at the Hydro Alunorte plant in Brazil with natural gas.
The agreement was to help Hydro reach the goal of cutting its own CO2 emissions by 30 percent by 2020, but was also a very important investment for Golar Power. The terminal was to be the first in northern Brazil, and was expected to be operational from 2022. In a press release from the company Golar has previously stated that the terminal has the potential to reduce 1.8 tonnes of LPG equivalents of LPG, diesel, oil and coal.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other form of use of all or part of the content, can only take place with written permission or as permitted by law. For additional terms look here.
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