DaveInDaytona
Pro
Posts: 1696
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posted January 16, 2002 07:25 PM
$103,000 speeding fine !!!!!
Think I made it up ?
http://www.news-journalonline.com/2002/Jan/16/NOTE1.htm
Cell phone executive appeals $103,000 speeding fine in Finland, where tickets are based on income
News-Journal wire services
HELSINKI, Finland -- At 46 miles an hour, he didn't set any land-speed records. But Nokia executive Anssa Vanjoki could set the record for the costliest ever speeding ticket -- a $103,000 fine.
Vanjoki, a 45-year-old executive vice president of Nokia's mobile phones division, is fighting to get the fine reduced.
He was slapped with the ticket for speeding on a motorcycle in a 31-mph zone on an island near Helsinki last October, chief police inspector Olli Yliskoski said.
But in Finland, traffic fines are not just based on the seriousness of the infringement, they're also tied to the offender's income, and there's no limit. Worse for Vanjoki, his fine was based on his net income in 1999, when he reportedly made $5.2 million because of option sales.
He has appealed for the fine to be based on his income in 2000, when his gross income dropped from more than $12.4 million to about $970,000, according to tax authorities.
Official net income figures were not available, and Vanjoki did not return phone calls seeking comment. The case goes to court next month.
In a similar incident last year, a Helsinki court slashed a traffic fine levied against Internet millionaire Jaakko Rytsola for switching lanes too often. It was cut from $45,000 to $119 after his income showed a dramatic drop.
Earlier, Rytsola paid a $74,600 traffic fine, reportedly the highest ever in Finland.
Yliskoski said Finnish authorities are considering changing he way incomes are used in determining the fines.
"They should be proportioned to the danger afflicted," he said. "If you fine somebody on the grounds of incomes peaking a certain year it can grow unreasonable."
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zx12zx11
Expert Class
Posts: 471
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posted January 17, 2002 10:12 AM
Depending if they converted the Finish Mark into US Dollars the fine would be US $15,258.36 at current exchange rates. In either case that is one hefty fine. Better that guy than anyone of us.
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tuusinii
Pro
Posts: 1031
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posted January 18, 2002 01:24 AM
quote:
Depending if they converted the Finish Mark into US Dollars the fine would be US $15,258.36 at current exchange rates. In either case that is one hefty fine. Better that guy than anyone of us.
The fine actually was over 700 000 Finnish Mark but this year we took new current - the Euro which is in use also in Germany and many other European country and in Euros it was 120 000 which is little over US $ 100 000!!!
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