Tallinn, Estonia, 2012-09-26 12:53 CEST (GLOBE NEWSWIRE) -- Today, on 26 September 2012, the Public Prosecutor’s Office issued a ruling by which it terminated the criminal proceedings instituted against Nordecon AS and a member of its management board, Erkki Suurorg, in November 2010.
The criminal matter concerned the first procurement of services for the design and build of the Aruvalla-Kose road section arranged by the Estonian Road Administration. In connection with the procurement, Erkki Suurorg and Nordecon AS (at the time Nordecon Infra AS) were charged with suspicion of attempting to conclude an agreement for distorting competition and to engage in concerted practices, as well as of attempting to offer a bribe which in the course of the proceedings was reclassified to an attempt to grant gratuities.
The criminal proceedings concerning the attempt to grant gratuities were terminated by the Public Prosecutor’s Office already earlier, with a ruling issued on 20 June 2012. In today’s ruling, the Public Prosecutor’s Office found, based on evidence gathered, that the suspicions brought against Erkki Suurorg and Nordecon AS have no basis and terminated the criminal proceedings against them in their entirety.
Related announcements:
17.11.2010
01.12.2010
Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructure segments. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent, the Group includes more than 10 subsidiaries. The Group’s consolidated revenue for 2011 was 147.8 million euros. Currently, Nordecon Group employs more than 700 people. Since 18 May 2006 the parent company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
Raimo Talviste
Nordecon AS
Head of Finance and Investor Relations
Tel: +372 615 4445
Email: raimo.talviste@nordecon.com
www.nordecon.com