A 42-year-old man has been arrested in Elburg, in the Netherlands, for allegedly embezzling millions of euros from his employer. The FIOD, the investigative service of the Tax and Customs Administration of the Netherlands, arrested the man on Tuesday. The case revolves around a lot of money: the estimated amount embezzled is no less than 2.8 million euros.
An internal investigation by the Dutchman’s employer shows that the suspect systematically embezzled money for years in his position as head of financial departments in the Netherlands and Belgium, including by transferring money from company accounts to other accounts.
That money probably went towards extra repayments on his mortgage. And maintaining a very luxurious lifestyle. The employer has estimated the total amount of embezzled funds at 2.8 million euros, the FIOD reports.
A house in Elburg, a holiday home in Nunspeet and a holiday home in Vierhouten were searched. The administration, data carriers and a wine collection were seized.
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The tax authorities established that the suspect had received more money from his employer than he had declared on his tax returns. A tax disadvantage of another 750,000 euros has been calculated on this.
The FIOD has launched a criminal investigation led by the Functional Public Prosecutor’s Office. That is part of the Public Prosecution Service of the Netherlands. Its activities include combating complex fraud.
The man was transferred to the police station in Zwolle, the Netherlands, for questioning on Tuesday.
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