Tech Executive Appeals $100,000 Speeding Fine
From Times Wire Reports
A senior executive of cellular phone maker Nokia is appealing a record $103,600 fine for speeding because his income has dropped, Finnish media and officials said.
Millionaire Anssi Vanjoki was caught in October driving his motorcycle in Helsinki, the capital, at 47 mph in a 30-mph zone, the Ilta-Sanomat newspaper reported.
Finnish traffic fines vary according to the offender’s average income. The fine was based on Vanjoki’s 1999 income, which was boosted by stock-options sales. But he said his income dropped sharply last year as Nokia’s share price fell.
Vanjoki’s fine is believed to be Finland’s largest traffic penalty. His appeal is to be heard May 15.
