More property fraud cases settled out of court

The public prosecution department has agreed another batch of out of court settlements in connection with a major investigation into property fraud, the Financieele Dagblad reports on Tuesday.

The deals focus on construction firm Trimp & Van Tartwijk, which has been active in the development of Amsterdam’s Zuidas business district, the paper says.
The deal includes fines of up to €1.5m for the firm, personal fines, and a 120 hour community service sentence for company director Harm Trimp.
Corruption and bribery involving the directors of the Philips pension fund and project developer Bouwfonds cost their employers a combined €250m, the Financieele Dagblad says.
The scandal came to light in 2007 when it emerged pension fund bosses had been taking bribes in return for passing on confidential information and had bought and sold property at below the market rates. The fraud had been under way since at least 1995.
According to the paper, last June The Hague property developer Harry Hilders reached a €40m out of court settlement with the justice ministry and Philips pension fund in connection with his role in the fraud. Another deal involving property developer Jan van Vlijmen amounted to €75m.
At least 12 other suspects in the case have also reached settlements totalling €3.7m and involving short community service sentences.
The paper says the latest deals mean ‘most’ of those involved in the scandal will no longer face legal action.
Those cases which remain open will be heard over the coming month, and the public prosecution department is likely to call for prison sentences.

Thank you for donating to

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