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Finnish businessman fined $195,796 for speeding

06.06.23 13:26

A driver has been fined 121,000 euros ($195,796) for speeding in Finland, where such penalties are based an offender's income.

"I really regret the matter," Anders Wiklöf was quoted as saying in the main newspaper for the Aaland Islands, an autonomous region of Finland in the Baltic Sea.

Mr Wiklöf was driving 82 kilometres per hour in a 50kph zone when police stopped and fined him on Saturday.

Along with getting the fine, he had his drivers licence suspended for 10 days, the Nya Aaland newspaper reported.

It is not the first time Mr Wiklöf has been caught speeding.

In 2018, he was fined 63,680 euros. And he had to cough up 95,000 euros five years earlier.

A native of Aaland, Mr Wiklöf is chairman of a holding company that includes businesses in the logistics, helicopter services, real estate, trade and tourism sectors.

In Finland, traffic violation fines are based on a driver's daily disposable income – generally their daily salary halved.

Mr Wiklöf's company, Wiklöf Holding, is worth more than $10 million, according to ZoomInfo.

The Aaland Islands sit at the entrance to the Gulf of Bothnia, between the Finnish city of Turku, on mainland Finland's west coast, and Sweden's capital of Stockholm, ABC News reports.
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