A high school principal in Oulu, northern Finland, was sentenced to three years imprisonment on Thursday for embezzling 473,043 dollars (445,000 Euros) scholarship funds over a ten-year period, Finnish Daily Helsingin Sanomat reported.
The Oulu District Court found 54-year old Juha Martti Valtakorpi guilty of embezzlement and abuse of official position.
In addition to his jail term, the court also ordered Valtakorpi to resign from his job.
The crime took place between 2004 and 2014, during which time the defendant made cash withdrawals and transfers from the accounts of scholarship funds owned by the city of Oulu.
He took some 150,000 Euros for his own use.
He also transferred money to some teachers in the school and used 12,500 Euros of the funds to purchase a grand piano and a golf share for the school.
The court found Valtakorpi guilty of embezzlement of public funds and derelictions of duty, as the funds were only to be used as scholarships for former and current high school students.
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