Uros Company Faces Trial over Alleged Gross Aid Fraud: CEO and Board Member Charged with Millions in Misappropriation

The trial of a man suspected of obtaining millions in development loans with lies begins

The trial of the Uros company, which is accused of gross aid fraud, begins today in the district court. The founders of the technology company are charged with receiving product development loans and grants worth more than six million euros from Business Finland in the 2010s. During the preliminary investigation, the suspects denied any wrongdoing.

The case involves loans and grants worth over six million euros that Uros received from Business Finland in the 2010s. At the time of the alleged crime in 2011-2015, Jyrki Hallikai was CEO of Uros and Tommi Uharia was chairman of the board. Hallikainen is still a shareholder and owner of Uros. However, after declaring bankruptcy at the beginning of 2022, Uros had debts of at least 13.5 million euros and only about 14,000 euros in cash.

The trial begins with a preparatory session where the accused are not required to participate. The main hearing is scheduled to begin in April when prosecutor’s subpoena and police’s preliminary investigation will be published.

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