A senior executive at Nokia is appealing a record 116,000-euro ($103,600) fine for speeding because his income has dropped, Finnish media and officials said.

Millionaire and Harley Davidson enthusiast Anssi Vanjoki was caught racing his motorbike down a Helsinki street in October at 47 mph in a 25 mph zone, the newspaper Ilta-Sanomat reported.

Unlike in many other countries, Finnish traffic fines vary according to the offender's average income. Vanjoki's 1999 income which was boosted by big options sales, but it dropped drastically last year as Nokia's share price fell alongside other tech shares.

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Vanjoki's fine is believed to be the largest ever traffic penalty in Finland, beating one of more than 80,000 euros handed down to Internet millionaire Jaakko Rytsola.

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