June 27 2019
The prosecutor’s office for East Flanders has charged KBC Bank and KBC Group with money laundering, in the case of the family behind the Engels doors and windows construction family, based in Lokeren.
The case against the family will be brought before a court in Ghent tomorrow, including charges against the company’s tax accountant. The charges relate to the importation, over the course of 13 years, of millions of euros previously hidden in a secret Swiss bank account. The money was brought into the family’s account with KBC. Some members of the family paid tax and fines on repatriation of the sums concerned, but others did not. The charges relate to three brothers from the Engels family and their mother.