The Public Prosecution Service (OM) in Amsterdam has reached a settlement of 1.3 million euros with one of the suspects in the Nabburg investigation to recover unlawfully obtained benefits. The 42-year-old suspect has agreed to make the payment in nine installments.
Unexplained expenditures
The Nabburg investigation focuses on the unexplained expenditures of (among others) the suspect. The suspect had no demonstrable legal income or otherwise demonstrable legally obtained assets, but apparently had access to a lot of cash and purchased expensive items.
The Amsterdam Court ruled on February 24, 2021, in this case. The Amsterdam Court convicted the suspect for money laundering various sums of money, branded clothing, expensive jewelry, and other luxury goods, and also acquitted the suspect of various charges.
Both the OM and the suspect initially appealed against the courts ruling. After deliberation, the suspect and the OM reached a settlement and decided to withdraw the previously filed appeal after fulfilling the settlement. The conviction for money laundering to eighteen months in prison remains in effect. The man has since served his prison sentence.
Money laundering undermines society
Money laundering severely undermines the integrity of financial and economic transactions. Experience shows that money laundering is often associated with other forms of crime. Criminals want to spend the money they have earned in the underworld in the upper world. To spend black money in the upper world without the risk of it being immediately seized by justice or the tax authorities, it must be laundered. Laundering ones own criminal profits or the criminal profits of others, and also cooperating in that, is punishable.