Court judgement against a former member of the management board of Tallinna Sadam
June 27 2024 - 11:45AM
Court judgement against a former member of the management board of
Tallinna Sadam
Harju County Court acquitted AS Tallinna Sadam
(hereinafter: “Tallinna Sadam”) former member of the management
board Ain Kaljurand and others charged in criminal proceedings due
to expiration of the limitation period for the criminal offence,
released the properties from seizure and partially ordered
procedure expenses. Victims Tallinna Sadam and TS Laevad OÜ civil
action lawsuit was dismissed. The victims have the right to
resubmit civil lawsuits in accordance with the Code of Civil
Procedure. Tallinna Sadam shall analyse the decision and consider
whether and to what extent to appeal the judgement of the county
court.
On 26 August 2015, the Estonian Internal
Security Service detained Ain Kaljurand and Allan Kiil, long-term
members of the management board in connection with suspected
large-scale bribery during several prior years. After long-term
investigation, on 31 July 2017 the Group filed a civil action
lawsuit against Ain Kaljurand, Allan Kiil and other private and
legal persons involved in the episodes under investigation.
By the order of Harju County Court dated 19
November 2018, the civil action was included in the criminal
proceedings against the above persons. On 28 October 2020, Harju
County Court issued an order terminating criminal proceedings
concerning Allan Kiil in connection with his terminal illness. At
the same time, Tallinn Circuit Court issued an order requiring
Allan Kiil to be involved in criminal proceedings as a civil
defendant and after he passed away his successor was involved in
the proceedings as a civil defendant and a third party.
The Court judgement has not entered into force
as a party in the proceedings may appeal against the judgement of
the Harju County Court within 30 days from the time of publication
of the court judgement.
The management board believes that based on known information,
the above events will not have a material adverse impact on the
Group’s financial performance or financial position.
Tallinna Sadam is one of the largest cargo- and passenger port
complexes in the Baltic Sea region. In addition to passenger and
freight services, Tallinna Sadam group also operates in shipping
business via its subsidiaries – OÜ TS Laevad provides ferry
services between the Estonian mainland and the largest islands, and
OÜ TS Shipping charters its multifunctional vessel Botnica for
icebreaking and offshore services in Estonia and projects abroad.
Tallinna Sadam group is also a shareholder of an associate AS Green
Marine, which provides waste management services.
Additional information:
Angelika AnnusHead of Investor RelationsTel. +372 5649
6230E-mail: angelika.annus@ts.ee