Metso comments on information presented in the media
(Thomson Reuters ONE) -
Metso Corporation's press release on April 11, 2016
Information linking Metso to the so-called "Panama papers" and discussions about
tax havens has recently been presented in the media.
Metso was informed by a journalist working for the current affairs program MOT
at Yle (the Finnish Broadcasting Company) that a Metso employee in Russia may
have been involved in businesses that could be in conflict with Metso's
compliance policies. In the alleged case, Metso's valves were said to have been
resold after Metso had initially sold and delivered them to its end customer.
After receiving information about a possible misconduct, Metso informed the
appropriate authorities and started a normal internal audit process about the
case. The audit was conducted together with the independent external auditing
company PwC.
The outcome of the audit found that the suspected activity took place outside
Metso's own scope of business and without Metso's knowledge. Metso has not been
involved in any illegal activity or misconduct and has received no financial
gain or loss as a result of the case. According to the audit, Metso's internal
control mechanisms are properly in place and Metso could not have had visibility
into the alleged misconduct.
The internal audit also revealed that one Metso employee had acted in direct
conflict with Metso's policy, which forbids its employees from working in their
own interests or on behalf of other companies during their employment at Metso.
The employment contract of this employee was subsequently terminated by mutual
consent.
Further information:
Harri Nikunen, CFO, tel.+358 20 484 3010
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Metso Corporation via GlobeNewswire
[HUG#2002256]
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2016 - 10:45 Uhr
Sprache: Deutsch
News-ID 462985
Anzahl Zeichen: 2406
contact information:
Town:
Helsinki
Kategorie:
Business News
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