A prison investigation into Uros’ Jyrki Hallikainen was additionally began in Switzerland – Muricas News

Based on the Schwyz cantonal prosecutor’s workplace, the investigation is at an early stage.

Going bankrupt the primary proprietor of the drifted expertise firm Uros Jyrki Hallikainen can also be below prison investigation in Switzerland.

Prosecutor ‘s Workplace of the Canton of Schwyz Patrick Bischoff confirms to STT {that a} prison investigation is underway into Hallikainen, however doesn’t remark additional.

“The investigation remains to be in its infancy. No different details about the schedule might be offered, ”Bischoff stated.

Based on STT’s info, Hallikainen has been reported as a prison by an investor dwelling in Switzerland, to whom Hallikainen traded a small stake in Uros for one million euros in the summertime of 2020. As Bischoff doesn’t remark additional on the suspicion of against the law, the STT has not been capable of verify that the prison report and the investigation are associated. Nevertheless, the crime report was made to the identical division wherein Bischoff works and which offers with, amongst different issues, monetary crimes.

STT stated final month that Hallikainen offered small items of Uros for thousands and thousands of euros earlier than the corporate’s behind-the-scenes collapse. Based on STT’s information, the report of the crime considerations the biggest deal, when in the summertime of 2020 Hallikainen offered a few 20% stake in Uros to a really rich investor dwelling in Switzerland for about EUR 20 million. The sale worth implies that Hallikainen decided the worth of his firm at the moment to be roughly two billion euros.

Jyrki Hallikainen

BTI didn’t attain Hallika to touch upon the matter.

Taska About Uros’ profitability Hallikainen introduced the investor with unaudited figures for 2019, in keeping with which Uros had a turnover of virtually EUR 2.7 billion and an working revenue of roughly EUR 170 million. The figures for 2020 have been much more staggering: in keeping with them, Uros made a internet revenue of virtually EUR 66 million within the third quarter with a turnover of greater than EUR 1.4 billion.

Along with an investor dwelling in Switzerland, Hallikainen additionally managed to promote small shares in his firm to 2 different skilled buyers, in keeping with STT. One Finnish investor has since managed to cancel the deal and get his a reimbursement, because the settlement included a situation for the involvement of a big personal fairness investor. When that didn’t occur, the investor bought again about 5 million euros.

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In February of this 12 months, Uros was declared bankrupt on the request of a number of collectors. Based on the district court docket, Uros had money owed of not less than nearly EUR 13.5 million and money of about EUR 14,000 at the moment.

Additionally the progress of the chapter case has stalled. Hallikainen didn’t signal the liquidation of the chapter property inside the unique deadline, which is why the deadline for it has been prolonged till mid-June.

The listing of nests is an announcement by a consultant of the corporate as to what property and liabilities the corporate has had on the time of the chapter. Liquidator Sami Uoti says the state of affairs is outstanding.

“It’s unlucky that Hallikainen has not returned the listing of nests – which has been despatched to him. That’s the reason the deadline has needed to be prolonged a few occasions, ”says Uoti.


Jyrki Hallikainen, the main owner of the bankrupt technology company Uros, is an upstairs apartment in a house in the village of Wollerau in Bäch, Switzerland, on April 22, 2022. Hallikainen is a businessman with an Oulu background who has lived abroad for a long time, first in Belgium and then in Switzerland. Last autumn, Hallikainen announced his domicile in Liechtenstein. However, according to the Swiss real estate authority, he still owns an apartment in the lavish Wollerau house where he has lived for a long time.


Jyrki Hallikainen, the primary proprietor of the bankrupt expertise firm Uros, is an upstairs residence in a home within the village of Wollerau in Bäch, Switzerland, on April 22, 2022. Hallikainen is a businessman with an Oulu background who has lived overseas for a very long time, first in Belgium after which in Switzerland. Final autumn, Hallikainen introduced his domicile in Liechtenstein. Nevertheless, in keeping with the Swiss actual property authority, he nonetheless owns an residence within the lavish Wollerau home the place he has lived for a very long time.

Based on Uoti, Hallikainen has representatives in Finland with whom the discussions have gone fairly properly.

“However how can I say this politely, the suggestions from Hallikainen has been very restricted, if in any respect.”

Uoti can also be contemplating attainable coercive measures that may be imposed on a debtor who defaults below the Chapter Act.

“Within the major (chapter legislation) there’s a penalty fee,” then a journey ban and in addition imprisonment might be demanded.

In Finland Hallikaista and the founding father of Uros in 2011 with him Tommi Uharia suspected gross fraud within the actions of the Lord. The sacrifice left Ur some years in the past.

As a result of investigation, the property of Hallikainen and Uhar have been collectively and severally seized for greater than six million euros. Chief Investigator, Crime Commissioner Timo Heikkinen STT advised STT {that a} preliminary investigation was nonetheless pending and that an extension could be hunted for the seizure of the safety.

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The grant fraud investigation is said to the thousands and thousands of euros in product growth loans and grants granted by Enterprise Finland, ie the then Tekes, to Uros in 2011–2013. Based on Enterprise Finland, Uros hid from the financier agreements below which the outcomes to be developed or achieved within the financed tasks have been offered and handed over to a Luxembourg subsidiary.

“The corporate has utilized for and acquired financing for the introduced license enterprise, which in keeping with the data it has not had any intention to hold out,” Enterprise Finland stated in an announcement to the Helsinki Administrative Court docket, the place Uros appealed towards Enterprise Finland’s determination to order rapid compensation.

Hallikainen is a businessman with an Oulu background who has lived overseas for a very long time, first in Belgium after which in Switzerland. Final autumn, Hallikainen introduced his domicile in Liechtenstein.

In the course of the years of progress, Hallikainen owned the corporate along with his relations. The corporate’s Board of Administrators was additionally held by the household district, and Hallikainen served as Chairman of the Board.

In March final 12 months, Uros introduced that it will transfer its head workplace from Finland to Switzerland, the place it had established a brand new father or mother firm, Uros Ag, on the finish of 2020. In Switzerland, enterprise house owners do not need public info.

Earlier than that, at the start of 2021, Hallikainen transferred the vast majority of his property in Finland to his then spouse. Tarja Hallikainen names. The case is obvious from the paperwork within the foreclosures dispute between Hallikainen and Nordea, which is pending within the Oulu District Court docket.

Based on Nordea, Jyrki Hallikainen’s intention has been to switch his property out of the attain of collectors. Based on Hallikainen, the switch of property is a division made in reference to a divorce.

Nordea believes that Jyrki Hallikainen already knew about Uros’ fee difficulties on the time of the partition in January 2021. Based on Nordea, a report from the auditing agency BDO reveals that fee difficulties started in December 2020 on the newest.

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