Fraud
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April 14, 2016
Metso sales manager engaged in possible fraud in the Panama Papers
A Metso employee in Russia has apparently stolen money off invoices and run the money through various bank accounts and other firms, finally reaching an offshore company that he had in Panama. According to Yle.fi, Metso and the man have since parted ways. The information was revealed as Yle has continued their coverage on the Finnish individuals and companies that have been previously mentioned in the Panama Papers data leak. The tax haven, Panama, permitted the Russian sales manager working for the automation division of power and process company, to pass the money from the offshore company he owned to Metso and then back to the company in Panama. Thus, the former employee of Metso used a Swiss bank account to pay an invoice to Metso Automation in Finland. The documents from the bank showed that the invoice represented a payment for valves and commissions, and that the valves... Continue reading
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April 14, 2016
Metso sales manager engaged in possible fraud in the Panama Papers
A Metso employee in Russia has apparently stolen money off invoices and run the money through various bank accounts and other firms, finally reaching an offshore company that he had in Panama. According to Yle.fi, Metso and the man have since parted ways. The information was revealed as Yle has continued their coverage on the Finnish individuals and companies that have been previously mentioned in the Panama Papers data leak. The tax haven, Panama, permitted the Russian sales manager working for the automation division of power and process company, to pass the money from the offshore company he owned to Metso and then back to the company in Panama. Thus, the former employee of Metso used a Swiss bank account to pay an invoice to Metso Automation in Finland. The documents from the bank showed that the invoice represented a payment for valves and commissions, and that the valves... Continue reading