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.