Feb 24 • 13:40 UTC 🇫🇮 Finland Yle Uutiset

Three men suspected of aggravated fraud in the Oma Säästöpankki case – including two former bank executives

Two former executives of Oma Säästöpankki are suspected of aggravated fraud related to financial misconduct in the bank.

The South Ostrobothnia District Court is currently handling a case involving two former executives of Oma Säästöpankki, Pasi Sydänlammi and Pasi Turtio, who are suspected of aggravated fraud. Reports indicate that legal proceedings will begin on Friday regarding a request from the National Bureau of Investigation for precautionary measures, including asset seizure orders related to their businesses, PS Capital and PPT Capital. The suspected fraudulent activities occurred between March 12, 2020, and June 19, 2024, with Sydänlammi having stepped down from his position on the latter date.

According to information from Yle, there are two distinct precautionary demands tied to the case. One involves both Sydänlammi and Turtio along with their affiliated companies, while the second demand pertains specifically to Turtio and another individual not employed by Oma Säästöpankki. This additional demand is set against a timeline of February 16, 2016, to March 15, 2024. It is notable that Oma Säästöpankki had communicated Turtiokka's departure from the bank as of March 6, 2024, indicating a significant timeframe of potential financial misconduct.

The nature of the accusations and the prominent roles held by Sydänlammi and Turtio within a publicly traded company underscore the severity and implications of such fraud in the Finnish banking sector. The National Bureau of Investigation has not made any comments on the ongoing case, which continues to attract attention due to its potential impact on public trust in financial institutions and regulatory oversight in Finland.

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