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Outokumpu – All Charges Related to Export Practices to Russia Dismissed - Kouvola Court of Appeal in Finland has dismissed all charges pressed against Outokumpu and three of its employees for alleged money laundering in connection with export practices to Russia during 2004-2006 - Outokumpu.com
Outokumpu – All Charges Related to Export Practices to Russia Dismissed

 

PRZOOM - /newswire/ - Helsinki, Finland, 2012/04/19 - Kouvola Court of Appeal in Finland has dismissed all charges pressed against Outokumpu and three of its employees for alleged money laundering in connection with export practices to Russia during 2004-2006 - Outokumpu.com. OUT1V

   
 
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Corporate General counsel Kimmo Karihtala: ”We are very pleased that also the Court of Appeal has now given its verdict. This has been a long process which has required a lot of company resources during many years. The case has been particularly difficult for the people under suspicion and their families.”

In March 2007, Finnish Customs authorities initiated a criminal investigation into the Group's Tornio Works' export practices to Russia. The process of considering possible charges was completed in November 2010. The case was taken to court in March 2011 as charges were pressed against Outokumpu and five of its employees. The District Court of Kymenlaakso dismissed all the claims of the prosecutor in its verdict handed down on 22 June 2011. The prosecutor appealed against the verdict related to Outokumpu and three of its employees. The Kouvola Court of Appeal dismissed all charges by the prosecutor in its verdict today.

Outokumpu (outokumpu.com) is a global leader in stainless steel with the vision to be the undisputed number one. Customers in a wide range of industries use our stainless steel and services worldwide. Being fully recyclable, maintenance-free, as well as very strong and durable material, stainless steel is one of the key building blocks for sustainable future. Outokumpu employs some 8 000 people in more than 30 countries. The Group’s head office is located in Espoo, Finland. Outokumpu is listed on the NASDAQ OMX Helsinki.

 
 
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Agency / Source: Outokumpu OYJ

 
 

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Outokumpu – All Charges Related to Export Practices to Russia Dismissed

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OUTOKUMPU OYJ |
Contact: Saara Tahvanainen - Outokumpu.com 
+358 9 421 3265
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Outokumpu OYJ securities in any jurisdiction including any other companies listed or named in this release.

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