Published On: Wed, Jul 10th, 2013

Raid at trust office for millions in fraud

Court of JusticeWILLEMSTAD - The Dutch Fiscal Intelligence and Investigation Service (FIOD) seized millions of euro at a Dutch real estate agent during a raid. This came after an international investigation was conducted.

The investigation was also conducted here on Curacao. This is according to the Office of the Public Prosecution (OM) in Curacao. The FIOD searched at four business premises and one house in the Netherlands. In Curacao they searched at a trust office. The administration documents and 200.000 euro were confiscated. In addition, bank accounts were seized, also funds and an expensive art collection. This was probably done to deprive the criminals from their assets earned through illegal activities.

The presumption is that the suspect kept profits of tens of millions from a real estate deal out of sight of the tax authorities by using a Private Foundation (SPF) in Curaçao in the 2006. In late 2009, the suspect tried to hide a large part of the sum through a donation. Presumably this was done to avoid a stricter legislation which came into force on January 1, 2010.

The total loss to the exchequer is estimated at over 25 million euro.

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