The Helsinki District Court has sentenced ex-CEO of the bankrupt Talvivaara Mining Company, Pekka Perä, to a fine and an eight-month suspended prison term for providing false or misleading information about nickel production forecasts. The company’s former mine director was also slapped with a suspended prison term and a fine for misusing insider information.
The Helsinki District Court has found former Talvivaara Mining Company chief executive and board member Pekka Perä guilty of three counts of information crimes. The court sentenced Perä to an eight-month suspended prison sentence and a fine.
The prosecutor called for Perä to be sentenced for eight offences relating to information provided to the securities markets. However the court rejected five of the charges.
A former director of the then-privately-owned Talvivaara mine has been sentenced to a six-month suspended prison term for five counts of misuse of insider information. He was also ordered to pay a supplementary fine and to return 50,000 euros in ill-gotten gains to the state.
Another former Talvivaara CEO, Harri Natunen, was found guilty on one charge relating to an information crime and was fined for the offence. Meanwhile a former CFO was also fined for an information offence.
The sentences are not enforceable as the sentences will be appealed. Perä has declined comment on the outcome.
