More arrests expected in property fraud case

The public prosecution department expects to make more arrests in connection with a major investigation into property fraud, the Financieele Dagblad said on Thursday.

The news emerged at yesterday’s court hearing against former Bouwfonds director Jan van V, who has been held on remand for three months.
The fraud is said to centre on the Bouwfonds property development group and Philips’ pension fund and involve up to €150m.