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

The trial of Uros, a technology company founded by Jyrki Hallikai and Tommi Uharia, begins today in the district court. The founders are accused of gross aid fraud. The police have previously said that the suspects denied the acts during the preliminary investigation.

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.

Uros was declared bankrupt at the beginning of 2022. In its bankruptcy decision, the district court considered that the company was other than temporarily insolvent as intended by the bankruptcy act. 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.

In December 2020, Uros sold its subsidiaries to its parent company Uros Ag for a total purchase price of around 25,000 euros. However, 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. According to it, Uros hid from its financier contracts by which results developed and achieved in financed projects were sold and handed over to a Luxembourg subsidiary.

By Editor

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