ING employees can look forward to "significantly" lower bonuses this year, even though the bank is doing well with more clients and turnover. The bonuses will be lower due to a settlement of 775 million euros the bank had to pay last year for failing to monitor money laundering, NOS reports.
Thousands of people were unjustly punished in settlements made with the Public Prosecutor over the past years, NRC reports based on information the newspaper requested from the Public Prosecution Service. The Public Prosecutor disputes this conclusion.
The data shows that guilt was not correctly determined in 6 percent of settlements with punishment last year, according to the newspaper. With more than 30 thousand such settlements each year, that comes down to 2 thousand cases in which guilt was not properly proven.
The Public Prosecutor reached a settlement of 775 million euros with ING. The bank allowed customers to abuse their accounts for the laundering of hundreds of millions of euros between 2010 and 2016, NOS reports.
The amount of the settlement consists of a 675 million euros fine and a reimbursement of 100 million euros. According to the Public Prosecutor, ING did not properly fulfill its role as gatekeeper of the financial system and was negligent in preventing money laundering.
Rabobank agreed to pay 369 million dollars, around 300 million euros, to settle allegations that its California subsidiary Rabobank National Association (RNA) lied to regulators investigating charges of Mexican drug money laundering. According to the settlement, RNA does not dispute that it accepted at least 369 million dollars in money illegally gained from drug trafficking and other activity between 2009 and 2012, American news agency Fox News reports.
Between 1996 and 2003 Dutch construction company Ballast Nedam paid bribes to the Saudi kings Fahd and Abdullah, broadcaster Human reported on Monday based on documents from the Tax Authorities' investigative department FIOD. All in all Ballast Nedam paid 500 million dollars to members of the Saudi royal family, according to the broadcaster.
The company and the Public Prosecutor reached a 17.5 million euros settlement on this bribery case in 2012.
Three teenage boys will be prosecuted for their involvement in a sexting case involving dozens of sexually explicit photos of underage girls attending Tilburg schools being spread on social media without the girls' consent. The suspects are a 16-year-old boy from Tilburg, a 17-year-old from Waalwijk and a 17-year-old living in Belgium, AD reports.
Dutch telecom company KPN and South Korean smartphone manufacturer Samsung reached a settlement in a patent dispute dating from 2014, according to court document released on Tuesday. The financial details of the settlement were not revealed
Copyright watchdog BREIN reached a settlement agreement with a group of pirates called 2Lions Team. The group will pay a total of 67,500 euros and stop uploading copyrighted videos, the foundation announced on Monday.
Ageas, the insurer left over after the collapse of Dutch-Belgian financial group Fortis, reached a 1.2 billion euro settlement agreement with Fortis shareholders. The money will be used to settle all outstanding legal claims of damages suffered when Fortis collapsed in 2007 and 2008
Russian telecom company Vimpelcom, one of the largest telecom companies in the world, is paying a 716 million euro settlement to the Netherlands and United States. This is to avoid criminal prosecution for bribery.
The Dutch bank ABN AMRO has reached a 55 million euro settlement agreement with housing corporation Vestia, just ahead of the company’s jump onto the public stock market through its IPO scheduled for November. The settlement will end the dispute between the two companies over derivative transactions.
Former NS CEO Timo Huges will receive a settlement of 175 thousand euros from his former employer. This amount consists of 6 months' salary, in accordance with his notice period. He will not be receiving any severance pay or bonuses
Creditors involved with the sports car manufacturer Spyker will only receive a full compensation for debts up to 12,000 euros. The embattled sports car manufacturer will only pay ten percent of debts over the amount in an effort to get out of receivership, reports RTL Nieuws
The Dutch Data Protection Authority (CBP) and Facebook cease their ongoing legal battle, as both parties reported earlier this week. CBP recently imposed a conditional penalty on Facebook for not sharing all information that the agency required for an investigation of privacy violation.
According to State Secretary Fred Teeven (Security and Justice) the Tweede Kamer (lower house of parliament) was not incorrectly informed about the deal with criminal Cees H.
State Secretary Fred Teeven and Minister Ivo Opstelten (Security and Justice) are in trouble in the Tweede Kamer (lower house of parliament) again over the deal Teeven made with drug criminal Cees H. in 2000.
The Public Prosecutor announced this morning that SBM Offshore has settled for an amount of 192 million euro ($240 million). This is in the corruption case in which the company paid bribes in Angola and Equatorial Guinea. Evidence of bribery was also found in Brazil.
The Public Prosecutor has confirmed that Justice has offered not to prosecute the wife of Hubert Mollenkamp, the "Maserati director" of housing corporation Rochdale who is suspected of corruption, in exchange for a quarter of a million euro.
The court will rule on November 12th in the case against the man who caused so much havoc on a plane at the end of 2012 that the captain had to make an unplanned landing.