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In July, the Harju District Court of Estonia ruled that the IGC had sufficient grounds to annul the transaction because the masks had not been delivered by the agreed deadline. The Estonian bank Look Medical Care had frozen the down payment, citing money laundering suspicions and the value of the payment in relation to the size of the company.
Jylhä had previously also lied to the tax authorities, according to the court. He has the opportunity to appeal to the Estonian Supreme Court.
The fatal trade caused public unrest in Finland last spring. Suomen Kuvalehti wrote in April that the IGC had ordered EUR 10 million worth of face masks from Jylha and Onni Sarmaste, a Finnish entrepreneur who has had financial conflicts. It was later reported that the first batch of masks was both smaller and of poorer quality than specified in the order.
VTT’s tests showed that the masks are not suitable for hospital use in Europe.
In April, the National Bureau of Investigation (KRP) launched an investigation into the acquisition and revealed that a handful of people are suspected of aggravating fraud and money laundering. Sarmaste has confirmed that he has been imprisoned, but has denied all criminal charges.
KRP announced a month later that it had extended the investigation to three IGC employees.
Aleksi Teivainen – HT
Source: The Nordic Page