Prison Sentences over Travel Agency Bankruptcy
Image: YLE
Helsinki District Court has imposed prison sentences on the main owner of the bankrupt Töölö Travel Agency and the company’s economic director. In addition, five people were given suspended sentences in the trial.
The court found that the main owner had systematically falsified the company’s books between 1992 and 2005. He was sentenced to two years and six months for crimes including aggravated bookkeeping violations and aggravated dishonesty by a debtor.
The court found that the main owner took more than 450,000 euros in dividends from a company that was insolvent in practice.
The economic director got a sentence of one year and ten months. He was found to have independently led the falsification of the company’s books. He was also found guilty of embezzlement.
The company’s last CEO was acquitted.
YLE