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 Annus
Head of Investor Relations
Tel. +372 5649 6230
E-mail: angelika.annus@ts.ee (mailto:angelika.annus@ts.ee)
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