A male goes on trial for allegedly obtaining millions in development loans with false information

Uros’s Founders Charged with Gross Aid Fraud: What You Need to Know

In October of last year, the Oulu District Court ordered the cancellation of the business transactions between Uros and its Luxembourg subsidiary. The purchase prices were recorded in Uros’ accounting as receivables from the sold subsidiaries, but they were never paid. Today, the trial of suspected crimes in the operations of Uros begins in the district court. The founders of the technology company, Jyrki Hallikai and Tommi Uharia, are accused of gross aid fraud.

The case concerns product development loans and grants worth more than six million euros in total, which Uros received from Business Finland in the 2010s. At the time of the alleged crime in 2011–2015, Uhari was the company’s CEO and Hallikainen was the chairman of the board. Uhari left Uros some years ago, Hallikainen has been the main owner of Uros.

According to Business Finland, in 2019 and 2020 it became aware of matters that Uros had concealed and which would have led to the fact that funding would not have been granted. The prosecutor’s subpoena application and police preliminary investigation will be published today as part of a preparatory session that does not require participation from either defendant. The main hearing is scheduled to begin in April.

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