Konecranes Rings Fraud Alarm

Finnish port automation solutions provider Konecranes has reported that one of its foreign subsidiaries has become the victim of a fraud.

Konecranes says that the perpetrators have through identity theft and other fraudulent actions managed to induce the subsidiary to make unwarranted payments in a total amount of up to EUR 17.2 million (USD 19.2m).

Konecranes has reported the crime to the police authorities in the relevant countries, saying that it is working closely with the authorities to recover its losses and to bring the perpetrators of the fraud to justice.

The company has a crime insurance covering the whole group of companies in which the sum insured is EUR 10 million.

Having regard to the ongoing police investigations, and to maximize their chances of success, Konecranes will not give further information on the incident at this stage.

Share this article

Follow World Maritime News

In Depth>


<< Nov 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >