A millionaire has been fined 120,000 euros for exceeding the speed limit

In Finland, breaking the speed limit can ruin your day. Above all, if you are a millionaire and they fine you for driving above the permitted limit.

The latest example was experienced by Anders Wiklöf, one of the richest men in Finland, who was stopped by the police on March 22 after catching him driving at 59 km/h through an urban area of ​​Mariehamn, in the Åland archipelago, where the limit was 30 km/h. For exceeding 29 kilometers per hour, the police imposed a fine of 120,000 euros.

​The millionaire accepted it without question. Wiklöf is president and founder of Wiklöf Holding, a group of more than 20 companies with investments in logistics, aviation, real estate and tourism valued at more than 400 million dollars. When the police stopped him for speeding, he did not try to escape the problem. “The agents asked me if I wanted to take the case to court, but if I made a mistake, I accept it. They were polite and nice guys who were just doing their job,” declared to the local newspaper Nya Åland.

Wiklöf will pay the fine for speeding without even appealing it, although he did take the opportunity to ask the Government that the money be used to cover the planned cuts in health, one of the hottest political debates of the moment in Finland. This unusual normality regarding the amount of the penalty is due to the fact that the Nordic country’s sanction system links the amount of the fines to the offender’s income. That is to say, for most mortals such a sanction implies ruin for life, for this millionaire it is little more than pocket change.

Wiklöf has not learned his lesson. Despite the surprising amount of the fineit’s not the first time that police officers stop Wiklöf for speeding. The millionaire already accumulates four documented penalties for speeding: one of 95,000 euros in 2013, 63,680 euros in 2018, 121,000 euros in 2023 and this is 120,000 euros in 2026, which adds up to a total of 399,680 euros in those traffic fines alone.

For these same violations, any driver in Spain would hardly have paid more than 600 euros in total, since the regulations in Spain establish a series of fixed penalties depending on the severity of the violation, but are not linked to the offender’s assets. Wiklöf himself already said it bluntly in 2013: “In Sweden they would have fined me about 450 euros. I don’t understand how I can be a bigger offender here than there, but the law is the law.”

Nokia executives’ feet are heavy. The most famous case of this sanctions system Anssi Vanjoki starreda 44-year-old Nokia executive, who in January 2002 was traveling at 75 km/h on an urban road in Helsinki with a limit of 50 km/h. For exceeding 25 kilometers per hour, the authorities imposed a fine of 116,000 eurosfor years it was considered the highest traffic fine in history.

Another Nokia executive, Pekka Ala-Pietilä, He also received a sanction of 35,000 euros for a similar violation at the same time. Vanjoki ended up appealing his fine, alleging a drop in income compared to the previous year, and got a reduction.

In Finland, a fine can’t ruin you. No matter how high and disproportionate these fines may seem, in reality they will never cause the offender to go bankrupt. The key is in a calculation system in force since 1921.

While in Spain everyone pays the same for the same offense depending on its severity, in Finland the police consult the offender’s previous year’s income database in real time and calculate the fine in days salary depending on the severity of the infraction. In this calculation, the monthly net salary is taken, the vital minimum of 255 euros is subtracted and divided by 60 to obtain the value of each “fine day” (Päiväsakko). The greater the speeding, the more days of fines are accumulated.

For the majority of Finnish citizens, the result of this calculation translates into fines of between 30 and 80 euros for minor infractions such as those committed by Wiklöf. Astronomical figures only appear when the fined person is very rich. Despite the complaints of some affected (in 2015, millionaire Reima Kuisla threatened to leave the country after paying more than 50,000 euros for speeding), the model has great social support for consider it fair and proportional. A fine of 400 euros does not have the same deterrent character for someone with an income of 25,000 euros a year, than 25 million.

In Xataka | In 2010, the owner of a Ferrari missed a radar in Switzerland at 137 km/h. He took home the most expensive fine in history

Image | Unsplash (toine G)