OREANDA-NEWS. Konecranes Plc has become aware that its chairman of the board is facing criminal charges for aggravated subsidy fraud in the so called business park matter concerning the company called Industry Park East Management Oy. Konecranes is not a party in the matter.

According to Stig Gustavson, the matter is related to his position in 2011-2012 as the chairman of the board of the business park company that has since ran into financial difficulties. The purpose of the business park initiative was to help Finnish SMEs to become established in Russia. Stig Gustavson finds the charges unfounded and demands the court reject them in the upcoming trial.