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In April, the trial for the founders of technology company Uros will begin in the district court. The suspects have been accused of gross aid fraud and are facing charges. During preliminary investigations, the suspects denied any wrongdoing.

The case centers around product development loans and grants worth over six million euros that Uros received from Business Finland in the 2010s. According to police, the suspects gave false information to Business Finland and concealed important details.

At the time of the alleged crime in 2011-2015, one of the suspects was CEO while the other was chairman of the board. In 2022, Uros declared bankruptcy and was determined to be insolvent beyond temporary financial difficulties. The company had debts of at least 13.5 million euros with only about 14,000 euros in cash remaining.

In 2019 and 2020, Business Finland became aware of issues that Uros had concealed which would have prevented funding from being granted. In December 2020, Uros sold its assets at a significantly underpriced price to a parent company through subsidiaries, resulting in business transactions being cancelled by Oulu District Court in October 2021 due to non-response by Jyrki Hallikainen within deadline leading to a unilateral verdict by court on behalf of bankruptcy estate.

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