A delegation from Logica Plc, London has met the board of the Oslo Stock Exchange to discuss alleged financial irregularities by late bourse director Erik Jarve: the board is to review a UKP4.8m contract with Logica for a new trading system as a result of alleged wrongdoing by Jarve, who was found dead hours after his abrupt dismissal on Monday last week; Both parties are working on a statement which will clarify the status of the contract for the next-generation trade system, the exchange told Reuters; the board has said Jarve charged private bills to the bourse and had benefited indirectly from negotiations with Logica on the contract – he persuaded Logica to raise the bid by UKP25,000, allegedly to pay for the salary of a family member, who was hired for two years by the British firm at Jarve’s insistence, the board is alleging; the new system is due to become operational in 1996, but Norwegian news reportssaid Jarve’s death might delay it; Jarve was found drowned on Tuesday in a fjord near his cabin in what police said was apparent suicide.
