The Public Prosecutor (OM) on Tuesday firmly lashed out at “the club buck ‘. Against all nine corruption suspect former employees of real estate bank SNS Property Finance require officers unconditional prison sentences.
Main Suspect Greenwood Buck heard the heaviest sanction against them require a prison sentence of 48 months and a fine of € 110,000 added. The prosecution on Tuesday also announced that a confiscation procedure tightens against all defendants. It requires the public prosecutor all paid bribes. That means that Buck Greenwood justice once more to recover € 1 million.
Main Suspects Buck Greenwood (2nd from left) and Peter G. (right) leave on the 2nd day of the trial and their lawyers at the end of the afternoon the court. Picture: Gerard Lift for FD
€ 2.3 million bribe
Greenwood was the leader of a criminal organization who joined the ailing real estate bank of the now nationalized SNS reals had been eaten. He has claimed the OM also guilty of swindling, non-official bribery, forgery and money laundering in organized by SNS Property Finance.
In total, divided the suspects according to the OM for € 2.3 million in kickbacks. That amount they have stolen, according to the OM of SNS Property Finance – current Propertize. The prosecutor says that suffered a massive blow to confidence in the financial sector by the fraud of the suspects. ” If these highly paid bankers and managers already can not be trusted; who still work?
By the co-founder of AOL company Peter G. demanding the OM three years in prison, plus € 75,000 fine and confiscation of eight tons kickbacks. The prosecution sees G. second main suspect of the “Tupperware-like structures’ of fraud within the SNS real estate bank.
Against other suspects demanded the OM imprisonment ranging from five to eighteen months.
Read below the live report of the criminal process:
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