Published On: Wed, Apr 3rd, 2013

Raid on Curacao for SNS fraud

Raid at Orco BankWILLEMSTAD – In an investigation into fraud at SNS Reaal (a Dutch Bank assurance), the Dutch Public Prosecution (OM) raided the Orco Bank in Curaçao yesterday.

Dozens of detectives searched the stately Mansion Cerrito in Willemstad, where the bank is located. The action was confirmed by a spokeswoman for the prosecution that directs the fraud investigation. Eyewitnesses reported that records were seized during the raid of the bank.

Buck G., prime suspect in the SNS fraud, was for many years advisor at the Orco Bank in Curacao, owned by the wealthy Guis family. Suspect G. combined this work with the real estate branch of SNS, where the family Guis has millions in credit. It is suspected that G. has favored the banking family and thereby favored himself. Prosecutors accuse G. and five other suspects of bribery, fraud and money laundering in their operations at SNS.

Orco Bank director Kenneth Canword confirmed tonight the raid at his bank by the Dutch OM. "The raid took place in the presence of a local magistrate, a clerk and a prosecutor," said Canword, who fully cooperated with the investigation. According to the bank manager, the Orco Bank has no knowledge of suspicious payments done by Buck G. through Curacao. Since his arrest last February, Orco Bank has suspended G. as a consultant.

Source: De Telegraaf

Image: Umpie Welvaart

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