Published On: Fri, Dec 2nd, 2016

Curaçao involved in fraud investigation trust office

fiodWILLEMSTAD - The Dutch Tax Investigation Team (FIOD), together with foreign authorities, raided fourteen locations in the Dutch province of Utrecht, Curaçao and in Germany and Monaco on suspicion of criminal activities by a trust office.

The owner of the trust office has been arrested, the prosecution announced on Friday. He is suspected of tax evasion, forgery, smuggling, fraud and money laundering. His wife is also under suspicion.

According to sources, the trust office would have earned millions of euros with the scam. Approximately 7 million euros were seized during these actions.

Tax Police suspect that the defendants have helped several foreigners, include Russians to a (temporary) residence permit in the Netherlands. Thousands of euros per month have been paid to the suspects. As employment contracts and pay slips were faked and people were placed on the payroll of one of the companies concerned.

The main suspect leads, according to the FIOD, a trust office and various businesses in the Netherlands. For tax services customers would pay a fee, which was partially credited to accounts of the accused in Monaco, Switzerland and Hong Kong. For those services the suspect did not pay what he was supposed to pay in taxes.

Investigation at four companies of the main suspect sparked the raids. The FIOD held raids at five homes and three business premises in the province of Utrecht. Further raids were held in a trust office in Curaçao, in a house with commercial space in Germany and a home and business premises in Monaco.

Three cars were seized, including a Bentley. Also, 127,000 euros were found and various bank accounts were seized.

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