Finland was misled into paying for membership in a Geneva-based intergovernmental organisation under the auspices of helping developing countries benefit from the globalisation process, reports the daily Aamulehti.
The Agency for International Trade Information and Cooperation, AITIC, supposedly worked towards aiding developing states. The organisation, however, recruited rich nations as members and predominantly spent money on seminars and cocktail parties.
Finland has paid some 1.4 million euros to AITIC. The organisation has been operational since 2002.
Finland and six other donor countries submitted an evaluation of AITIC's activities in February.