Former Odfjell CEO gets two-year sentence for tax-evasion

Norwegian businessman, offshore entrepreneur and former CEO of Odfjell Drilling, Idar A. Iversen, has been sentenced to two years in prison after hiding income amounting to about USD 3.5 million as well as assets worth almost USD 24 million in tax shelters.

BY JOHANNES HARTKOPF-MIKKELSEN

Two years of prison, eight months of which are conditional, is the sentence that awaits 62-year-old Idar A. Iversen, who has served as CEO of companies including Odfjell Drilling, according to several Norwegian media.

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