Efforts to combat property fraud in the Netherlands are failing and major investors like pension funds show shortcomings in their integrity, the Financieele Dagblad reports on Monday.
The details come from a secret report by the FEC – an organisation set up by the central bank, financial services watchdog AFM, police and secret service to combat white-collar crime.
The report says that the property fraud involving Rabo Bouwfonds, Philips pension fund and Fortis – which is currently under investigation – is not an isolated example. At least five other major cases involving millions of euros have not yet gone to court, the paper quotes the FEC as saying.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation