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MRK: Court judgement in criminal matter 1-09-20251

Spekuliantai.lt | 2012-03-30 | NASDAQ OMX biržų naujienos | perskaitė: 671
Raktiniai žodžiai: Merko Ehitus AS, MRK
MRK: Court judgement in criminal matter 1-09-20251

Merko Ehitus Company Announcement 30.03.2012

Court judgement in criminal matter 1-09-20251

Tallinn, Estonia, 2012-03-30 11:40 CEST (GLOBE NEWSWIRE) --


On 30.03.2012, Harju County Court published a court judgement in the criminal
matter No. 1-09-20251 on charges brought against AS Merko Ehitus and its
subsidiaries OÜ Metsailu, OÜ Woody and OÜ Constancia accused of granting
gratuities to Ivo Parbus, a city official of Tallinn.

Pursuant to the decision of Harju County Court, AS Merko Ehitus, OÜ Metsailu,
OÜ Woody and OÜ Constancia were convicted in some episodes based on § 297
subsection 3 of the Penal Code (granting or promising a gratuity by a legal
person). As per the decision, AS Merko Ehitus is penalised with a pecuniary
punishment in the amount of 300,000 euros, OÜ Woody is penalised with a
pecuniary punishment in the amount of 200,000 euros, OÜ Constancia is penalised
with a pecuniary punishment in the amount of 200,000 euros and OÜ Metsailu is
penalised with a pecuniary punishment in the amount of 100,000 euros. The
extent of charges established by the court as well as the penalties imposed
were both less than what was applied for by the public prosecutor. The decision
has not entered into force.

The management of the Group is of the opinion that the company has not granted
a gratuity, it has in its course of activities followed the legislation in
force in the Republic of Estonia. We have initially reviewed the court decision
and can say that we intend to issue an appeal regarding the parts of the court
decision relating to conviction and penalties.



Viktor Mõisja
Member of Management Board
+372 680 5105
viktor.mõ[email protected]

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