08 Apr 2019
Dutch prosecutors on Friday said they have arrested three former employees of a Dutch company suspected of laundering about $1.2 billion for a client in India.
The company bought materials and services for a client that since 2006 has been involved in a major gas pipeline project in India, the prosecutors said without identifying the businesses.
The three are accused of forging invoices for the Indian company, enabling it to charge its own gas customers twice.
The proceeds were then allegedly transferred through a web of international businesses to a company in Singapore, owned by the Indian client.
By Bart Meijer, Reuters, 5 April 2019
Read more at Reuters
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