Finland-based stainless steel producer
Outokumpu has announced that the court proceedings related to
Outokumpu's export practices to
Russia continue. The state prosecutor in
Finland has appealed against verdict of the District Court of Kouvola which dismissed all charges pressed against
Outokumpu and five of its employees for alleged money laundering.
As SteelOrbis previously reported, the legal process regarding the possible charges including unlawful export practices to
Russia during 2004-2006 started in March 2007 and in the second lawsuit filed in March 2011 charges were dismissed in the ruling made on June 22.