Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

Suspected aggravated fraud in Cargotec's MacGregor business area - police investigating

Cargotec confirms that the National Bureau of Investigation in Finland has initiated a preliminary investigation about a suspected aggravated fraud in connection with its MacGregor business area
Linked InTwitterFacebookeCard
Suspected aggravated fraud in Cargotec's MacGregor business area - police investigating

Finland’s National Bureau of Investigation (Keskusrikospoliisi) issued a statement about the case earlier today - Monday, 3rd June (in Finnish only).

 

Cargotec says that it detected the suspected financial fraud during an internal review and made an investigation request to the Finnish authorities. It adds that the suspected misconduct does not have an impact on its financial result.

 

Cargotec’s statement, issued from global HQ in Helsinki, continued: "Cargotec has a zero tolerance policy for misconduct, and is fully supporting the authorities in their investigations. Due to the incompleteness of the preliminary investigation, no further information will be issued at this point. Neither MacGregor or Cargotec are suspected of criminal actions."

 

It is understood that the amount of the potential fraud being investigated totals €14M, perpetrated between 2002 and 2017, which Finnish media describe as "huge in Finnish terms." According to Finnish news website mtvuutiset, the investigation concerns fake invoices. Its report states that one MacGregor employee is in prison and several others have charges pending. The preliminary investigation by Keskusrikospoliisi started at the end of last year.

Linked InTwitterFacebookeCard

You may also be interested in...

ZPMC moves in

Bunking up the logs for easy moves

Pulp facts to the fore in Montevideo

Hyster clamps up on reel handling

Sizing up the breakbulk market

Getting on the intermodal track

Related Stories

Buenos Aires plan under major threat

The victory of Alberto Fernández in Argentina’s general election threatens to sc...

Rhenus Arkon Shipinvest orders short sea bulkers

Rhenus-Arkon-Shipinvest has placed orders for the first four environmentally-fri...

Søren Toft to join MSC?

Reuters, quoting ShippingWatch, has reported from Copenhagen that Søren Toft was...

Winter Haven intermodal terminal developers win TT Club Safety Award

The 3rd TT Club Innovation in Safety Award was presented last night (13th Novemb...
Linked In
Twitter