Advertisement

Future Nokia CEO was busted for "failure to declare"

In a shocking bit of corporate malfeasance, the Inquirer (not to be confused with the Enquirer) is reporting that Nokia's CEO-to-be Olli-Pekka Kallasvuo was fined on the hush-hush last year for failing to declare goods he purchased on a foreign trip. After receiving a VAT refund for almost 11,000 euros worth of stuff he'd bought in Switzerland, Kallasvuo returned to Finland without notifying authorities of his purchases, but the Swiss had already tipped them off about the undeclared swag. The Finns have a neat system of progressive fines where your penalty is proportional to your income, so this high-earning Nokia exec had to shell out around 30,600 euros for his "memory lapse." This isn't the first time a Nokia higher-up has been hit with a stiff fine, either- former CEO Anssi Vanjoki had to cough up almost 116,000 euros just for speeding on his motorcycle.