Investigators believe that during an eight-month period before filing for bankruptcy in 2018, the association handed over about 18,000 euros to third parties without reasonable cause.
Police in Helsinki have completed an investigation into the activities of the executive director of an immigrant-focused association, who is suspected of financial crimes including aggravated accounting offences and debt dishonesty.
In a press release issued on Tuesday, police said the association was established to help immigrants integrate into Finland, adding that these activities were funded by various public grants.
Police declared the Helsinki-based association bankrupt in November 2018. Investigating officers said they suspect the association did not maintain any account records for the eight months leading up to the bankruptcy.
The police also believe that during this eight-month period before bankruptcy, the association handed over about 18,000 euros to third parties without reasonable cause.
“The absence of accounting records has made it difficult to obtain an adequate picture of the debtor’s financial situation. The case was investigated as an aggravated offence because the accounting was neglected for a long period of time,” Detective Inspector Markus Metsänen said in the release.
Metsänen added that the police suspect money was withdrawn from the association’s account and was used for purposes other than the association’s activities.
This may have caused the association to become insolvent or at least exacerbated its dire financial statement, the release noted.
Police have passed the case file to prosecutors for consideration.
Comments are closed, but trackbacks and pingbacks are open.