Economy

Crime

Helsinki Police Investigate Suspected Overbilling Fraud in City Apartment Renovations, Three Suspects Named – City Reviews Oversight Practices as Economic Crime Surges

Helsinki Police are investigating a suspected fraud scheme involving two former deputy property managers of the City of Helsinki and a subcontractor, who allegedly overbilled for renovations in city-owned rental apartments. The case, which came to light through the Tax Administration, was disclosed by police today in a press

lock-1

Economy

Iberdrola to acquire Finland’s largest electricity distributor Caruna in €5 billion deal amid regulatory, political, and consumer scrutiny—timeline extended to 2027, price hike risks and national ownership debate intensify

Spanish energy company Iberdrola has announced plans to acquire Caruna, Finland’s largest electricity distribution company, in a deal valued at approximately €5 billion. Yle reports that the transaction was confirmed by news agency AFP, while MTV Uutiset provides additional details on the financial structure of the agreement.

lock-1