Published On: Mon, Mar 26th, 2018

OM demands disciplinary measure against CPG accountant

Public ProsecutorWILLEMSTAD - The Public Prosecutor has asked the Auditor's Office on Friday to take disciplinary measures against the Antillean accountant of the company CPG Worldwide. Under the watchful eye of the accountant and with his approval, 322 million dollars was laundered via Dutch lingerie company CPG Worldwide.

According to the Public Prosecution in the Netherlands, CPG's accountant had an insufficient sound basis for issuing its statements on CPG's annual accounts for 2010, 2011 and 2012. The auditing standards of his professional group were insufficiently complied with by the auditor. He has also failed to report unusual transactions from CPG from 2011 to 2015.

In the criminal case against CPG, four defendants are being prosecuted by the Public Prosecution for money laundering. The accountant does not belong to those four. The suspects have participated in a criminal organization and made large use of 'dollar tourism' from Venezuela. Criminal Venezuelans, for example, supposedly bought goods from one of the suspects' businesses, but in reality, they were US dollars. They then sold these dollars again with profit in Venezuela, where foreign currencies are scarce. The reason for the criminal case was a notification from ING to the Financial Intelligence Unit of 150 million dollars in unusual transactions via CPG's Dutch bank account.

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