Finland

FINLAND: LOSS MAKING INVESTMENTS IN STATE OWNED COMPANY LEADS INVESTIGATORS TO FORMER MANAGEMENT……

What’s even more troublesome is that the state owns any company at all.

face palm

Police suspect former Finavia management in risky loss-making investments

Finnavian johdannaiskaupay

Four former Finavia management officials are the main suspects in a police probe into a series of risky derivatives investments which racked up losses of 34 million euros for the state-owned company. Police have wrapped up a preliminary investigation into the dicey deals by the airports operator and have referred the case to prosecutors for consideration of charges.

More here.

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