ING faces money-laundering and corruption probe

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March 22 2017

Dutch lender ING has confirmed it is facing a criminal investigation into alleged money-laundering and corruption from Netherlands authorities, which could lead to significant fines.

The reported case referred to the suggestion that several telecommunication companies, including Amsterdam-based firm Vimpelcom, now called Veon, had been accused of paying bribes to the daughter of Uzbekistan’s former president. The Dutch paper cited a source which could not be verified by CNBC.