CORRECTED-UPDATE 2-Norway wealth fund's ethics watchdog probing 14 corruption cases

jueves 28 de enero de 2016 18:28 GYT

(Corrects gender of official in 3rd paragraph)

* 14 companies across 9 countries under investigation

* Fund excludes companies on ethical grounds

* Watchdog says Petrobras needs to do more to reform

By Joachim Dagenborg

OSLO, Jan 28 (Reuters) - The ethics watchdog for Norway's $800 billion sovereign wealth fund, the world's largest, is stepping up its scrutiny of companies the fund invests in to make sure they are not involved in corruption, an official at the watchdog told Reuters.

Eli Ane Lund, administrative leader of the ethics council, said the watchdog was currently investigating 14 companies for suspected corruption across nine countries.

These include Brazilian oil firm Petrobras, which is currently mired in the country's biggest ever corruption scandal, she said, while declining to name the other companies.

"There is a clear increase in the number of corruption cases the council on ethics is looking at," Lund said in an interview.   Continuación...