The money laundering affair at the Dutch bank ING was de facto and actually de jure already settled through an out-of-court settlement in 2018. But then a court in The Hague decided in early December that criminal proceedings should be initiated against former ING boss Ralph Hamers, who has been head of UBS since November. It was a decision that almost no one expected that came like lightning out of the blue.
Not very transparent
Most likely only one person expected and was happy about this decision. His name: Pieter Tijmen Lakeman. With his lawsuit in court, referring to Article 12 of the Dutch Criminal Code, he enforced that criminal proceedings should be initiated against Ralph Hamers because of his responsibility as ING CEO for money laundering. That this will happen is highly likely, but not certain. The prosecution is not forced to open the case, but it is to be expected.
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