Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Driver slapped with $129,544 speeding fine; Here's why

A Finnish businessman has been fined $129,544 for speeding due to the country's method of pegging the amount paid for infractions to a driver's income.

If time is money, his time had better be worth a lot.

A wealthy Finnish man who was ticketed for driving 20 mph over the speed limit has been issued a $129,544 fine for the infraction.

Anders Wiklöf was caught going 82 kph (51 mph) in a 50 kph (31 mph) zone in the Aaland Islands.

Speeding ticket fines are pegged to a driver's income in Finland, based on their daily estimated disposable income.

NTHSA MOVES TO MANDATE AUTOMATIC EMERGENCY BRAKING IN ALL NEW VEHICLES

"I really regret the matter," Wiklöf told a local Aaland newspaper.

Wiklöf is the chairman of an eponymous holding company that has a net annual revenue of $375 million, Luxury Launches reported.

The 76-year-old has been cited for speeding before and was fined $68,176 in 2018 and $102,000 in 2013.

CLICK HERE TO SIGN UP FOR THE FOX NEWS AUTOS NEWSLETTER

Despite the huge amount Wiklöf paid for the latest ticket, it is far from a world record.

A driver in Switzerland, which has a similar system for calculating fines, was clocked doing 180 mph on a public road and had to pay $1 million.

The unidentified motorist told police officers, "the speedometer must have been on the blink," according to Swiss Info.

The Associated Press contributed to this report

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.