Real Estate Fraud in SNS “undermining morale ordinary man ‘- Financieele Dagblad

Newspaper Title: Real Estate Fraud SNS “undermining morale of ordinary people ”

Zware penalties according to the Public Prosecutor (OM) in place against the nine accused of corruption former real estate bankers of SNS property Finance. The outspoken indictment Tuesday argued the PPS that “all suspects may be charged that she society have run up a dent. These are civil damages for breach of trust in people and organizations, a loss of integrity and sense of responsibility towards society. “

While the financial sector has helped interest in integrity and trust, the defendants have the image of greedy bankers who bounce pass each other the ball and to get their share. In that sense, this fraud very undermining the morale of the “common man”.

Grab image

the adjustment of the ‘grab image “and restoring the confidence that must have society in banks and bankers, goes by this fraud affair still takes time, ask the prosecutors.

the officers maintain the level of sentencing into account that precisely these suspects as banker integrity should have been of paramount importance, “Yet they chose their own interests. They wanted more. And therefore, they obviously thought that they are rules could relax.

Single-family

the seven suspects ‘Groninger connection’ Buck Greenwood and the second main suspect Peter G. paid according to the public “without a fight “bribe amounts to G. and Greenwood ‘which you can buy in the northern provinces already soon a neat house with driveway and garage. Greenwood and G., the other defendants in accordance with the Public Prosecutor ‘sucked’ and ‘corrupted’.

according to the OM bribes

The suspects paid to get a high-paying job at SNS Property Finance of Greenwood or for the good job retained. The bribe was eventually funded by the excessive bankers salaries paid SNS. Those salaries were by Greenwood according to the OM artificially jacked up with false salary surveys. Greenwood gave his staff unsolicited wage increases which they then secretly had to pay to him.

Back against the wall

the prosecution also find it aggravating that “SNS Property Finance with its back against the wall and was dependent on the suspects. The defendants have made gross abuse of that situation. And all this while SNS PF also once was kept with aid money which was all of us. When suspects were the moral compass for.

aggravating it is according to the OM also the suspects after the start of the criminal investigation “their arrows on SNS focus, instead of the hand to stabbing in its own reservoir ‘. Greenwood has claimed inter alia in the press and in court it would have been a mess SNS. The suspects are, according to him SNS sacrificed to divert attention from the real issues at SNS Reaal.

Disgraceful

“it is shameful that suspects declare so negative on SNS Property Finance,” said the prosecutor, “while SNS Property Finance has always had great confidence in suspects. ” The OM suspects held their network of mutual payments out of sight with the help of more than 300 false invoices. SNS would by paid kickbacks in any case penalized for € 2.3 million.

All the suspects deny guilt. Taking the OM also blame them. “They tell themselves that this is the most normal thing in the world.