Charges of unlawful export practices against Outokumpu dismissed

Wednesday, 22 June 2011 16:48:43 (GMT+3)   |  
       

Finland-based stainless steel producer Outokumpu has announced that the District Court of Kymenlaakso in Kouvola, Finland has dismissed all charges against Outokumpu and five of its employees for alleged money laundering in connection with 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 based on the charges pressed against Outokumpu and five of its employees for money laundering in March 2011. The court dismissed the rest of the claims with its ruling made on June 22.

The Finnish state was ordered to pay a total of €1.2 million in compensation.


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Local Chinese stainless steel prices mostly decrease

28 Mar | Flats and Slab

Ex-China stainless steel prices edge down

26 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Local Chinese stainless steel prices move down slightly

20 Mar | Flats and Slab

Ex-China stainless steel prices move sideways

19 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Local Chinese stainless steel prices mostly move down slightly

13 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 10, 2024

07 Mar | Flats and Slab

Local Chinese stainless steel prices mostly stable, some slight downticks also

07 Mar | Flats and Slab