Finnish company defrauded into investing over €3 million in bankrupt company Uros
Oulu police has referred a fraud investigation for prosecution in which a Finnish company received false information about the finances of a technology company. One person is suspected of aggravated fraud.
Finnish company defrauded into investing over €3 million in bankrupt company Uros
Oulu police has completed a preliminary investigation into the deception of a domestic company in an investment decision. According to police, the company was presented with incorrect and misleading information about Oulu-based technology company Uros, as a result of which it decided to invest over three million euros into the company.
The fraud-related deception occurred by providing the representative of the investing company with false descriptions of Uros's financial situation and business operations. According to Oulu police, one person is suspected of aggravated fraud. The person in question has denied involvement in the crime.
An investigation request was filed in late 2021, on the basis of which a criminal report was recorded. Oulu police cooperated with the National Bureau of Investigation (KRP). The matter has now been referred to the prosecutor for consideration.
Uros operated from Oulu and built its business on so-called Internet of Things, or IoT services. In February 2022, Oulu District Court placed the company in bankruptcy. The bankruptcy petition was filed by state-owned financing company Finnvera, pension company Ilmarinen, and banks Nordea and Oulu Cooperative Bank.
The National Bureau of Investigation is separately referring a broad economic crime investigation to prosecution, which relates to the activities of the Uros group in 2019–2022. The investigation concerns aggravated debtor dishonesty, aggravated accounting fraud and aggravated forgery. According to the National Bureau of Investigation's assessment, the criminal damage amounts to nearly €38 million. The suspected acts involve, among other things, the sale of assets at too low a price and the transfer of receivables to other companies without business justification.
Source: Keskisuomalainen
Source: Google News FI — Crime (fi)