The Netherlands: Three arrested for helping Dutch company launder money for an Indian firm

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April 6 2019

Dutch prosecutors on Friday said three former employees of a company in the Netherlands were arrested on suspicious of laundering about $1.2 billion for an Indian client, AFP reported. However, the prosecutors did not name the companies involved.

The Dutch firm bought materials around the world for a company that had been laying a gas pipeline in India since 2006. The public prosecutor’s office said they suspect that the Dutch company would inflate the amounts on the invoices for the materials and services supplied.