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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 13, 2025

    Featured image for article about Headlines

    COPENHAGEN (Reuters) -Finnish prosecutors are considering pressing charges against three senior officers of an oil tanker suspected of damaging undersea power and telecommunications cables in the Baltic Sea in December, police and the prosecutor said on Friday.

    Finnish authorities suspect the Cook Islands-registered Eagle S of having broken the Estlink 2 undersea power cable connecting Finland and Estonia as well as four internet lines last December by dragging its anchor across the seabed.

    Finland's National Bureau of Investigation concluded its investigation into the damage on Friday and said in a statement it suspected three senior officers of the Eagle S of aggravated criminal mischief and interference with telecommunications.

    The head of the police investigation, Sami Liimatainen, told Reuters all three crew denied any wrongdoing.

    The Baltic Sea region has been on high alert for sabotage after a string of outages of power cables, gas pipelines and telecoms, although subsea infrastructure is also subject to technical malfunctions and outages caused by accidents.

    A lawyer for United Arab Emirates-based Caravella LLC FZ, the owner of the Eagle S, said he could not comment on behalf of the crew as he does not represent them. Reuters was unable to identify legal representatives for the crew.

    The lawyer has previously said the ship's alleged damage to undersea equipment happened outside of Finland's territorial waters and therefore Helsinki lacked jurisdiction to intervene.

    (Reporting by Louise Breusch Rasmussen and Essi LehtoEditing by Gareth Jones)

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