Five held in major Dutch fraud case
Dutch police and tax office investigators FIOD have arrested five people on suspicion of being members of a criminal organisation. They are thought to have made millions of euros in scams involving forgery, bankruptcy fraud, money laundering and tax offences. News of the arrests, which were made on Tuesday, was only released today.
The five are suspected of buying up companies on the brink of bankruptcy. Officially just one euro was paid for the firms but in fact between 10,000 and 25,000 euros changed hands in the deals. Then, all the companies’ remaining assets were sold. This resulted in the non-payment of creditors. The scams started in 2008.
FIOD officials have impounded nearly three million euros’ worth of goods, including real estate, cars and jewellery. During the investigations, a further two people were arrested for possession of over two kilos of ecstasy pills and chemicals.
© Radio Netherlands Worldwide