Leave of appeal not granted for Outokumpu’s export practices to Russia

Friday, 28 March 2014 17:12:45 (GMT+3)   |   Istanbul
       

Finland-based stainless steel producer Outokumpu has announced that the Finnish Supreme Court has rejected the petition for leave to appeal by Finland's state prosecutor regarding the verdict by the Kouvola Court of Appeal in April 2012 in which it dismissed all charges against Outokumpu and its employees concerning export practices to Russia during 2004-2006.

The legal process regarding the possible charges including unlawful export practices to Russia started in March 2007 and the public prosecutor decided that the charges were groundless in November 2010. However, the case was taken to court in March 2011 based on the charges pressed against Outokumpu and five of its employees for money laundering.


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