Juhani Hintikka, the former CEO of Comptel, has been given a suspended sentence by the Supreme Court (KKO) for aggravated misuse of insider information. The case involves stock transactions made by Hintikka in 2014, where he purchased Comptel shares just before the company announced a significant contract with Telenor Norway. This led to a substantial increase in Comptel’s share price.
Despite his denials of any wrongdoing, Hintikka was found guilty of gross misuse of insider information and was sentenced to a four-month suspended prison sentence and ordered to forfeit 36,900 euros to the state. The case has raised questions about the use of insider information in stock trading and has been closely watched by the financial community.
WithSecure, the company that Hintikka currently leads as CEO, has acknowledged the Supreme Court’s verdict and stated that necessary decisions will be made promptly by its board of directors. This incident highlights the importance of transparency and ethical behavior in financial markets to maintain investor confidence and trust in the system.
