The trial of suspected crimes in the operations of technology company Uros begins today in the district court. Founders 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, which Uros received from Business Finland in the 2010s. At the time of the alleged crime, Uhari was the CEO of the company and Hallikainen was its chairman.
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. Business Finland became aware that Uros had concealed matters in 2019 and 2020, which would have led to funding not being granted if it had been known at the time.
In December 2020, Uros sold its subsidiaries to parent company Uros Ag for a total purchase price of around 25,000 euros. However, Business Finland claimed that these subsidiaries were concealed by Uros and that their sale contracts were not handed over to them. The Oulu District Court ordered the cancellation of business transactions last October, including unpaid purchase prices recorded as receivables from sold subsidiaries in Uros’ accounting books.