The District Court of the Norwegian city Kristiansand acquitted CEO of the offshore carrier Siem, Terje Sørensen, this Monday on the charges of tax evasion from the Norwegian Financial Police, which concerned the lack of filing tax returns. The company was sentenced to pay a fine of USD 646,000, according to a statement from Siem Offshore.

The Kristiansand District Court based the ruling on the fact, that none of the alleged actions were willful. Siem Offshore will now consider whether to appeal the ruling.