Dutch-Spanish Collaboration: Six Arrested in Multi-Million Euro Corporate Fraud Case

The Hague, The Netherlands - In a joint operation between Dutch and Spanish authorities, six individuals have been arrested on suspicion of defrauding at least forty investors out of approximately EUR 6 million.

Suspects Arrested in The Netherlands and Spain

Three suspects were arrested in The Netherlands.
The remaining three suspects were apprehended in Spain.

Victims Targeted through “Boiler Rooms”

The victims, primarily Dutch nationals, were targeted through a sophisticated operation.
The suspects promised substantial profits to establish trust.
Once trust was gained, investors were persuaded to transfer high sums of money, resulting in significant financial losses.

Search and Seizure

Dutch and Spanish law enforcement agencies searched eight premises.
Various bank accounts were seized in connection to the case.

Alleged Investment Companies

The alleged investment companies, known as “boiler rooms,” had a professional outlook.
These firms had an online presence and employed persuasive sales tactics.
They offered seemingly lucrative investments in worthless shares.

Eurojust’s Role

Eurojust provided crucial support in this case.
A coordination centre was established to enable seamless information sharing.
Judicial assistance was facilitated.

Coordination Meetings

In September 2019, representatives from both the Dutch and Spanish authorities gathered in The Hague for a coordination meeting.

Cooperation among Agencies

The Dutch Public Prosecutors Office (PPO) Oost-Nederland and Politie Oost-Nederland worked alongside the Spanish Central Investigating Court and the Public Prosecutor at the National Court.
The Policia Nacional’s UDEF unit was also involved in the operation.

The Hague skyline with the Dutch and Spanish flags flying high against a clear blue sky.

[Image Description: The Hague skyline with the Dutch and Spanish flags flying high against a clear blue sky.]