Former executives of SNS Bank jailed for corruption, fraud

DutchNews, May 19, 2017

Photo: Depositphotos.com 

A former executive at financial services group SNS has been jailed after judges found him guilty of bribery and other offences. Tom der K, 68, was sentenced to 12 months in jail, of which four were suspended plus two years probation. 

The Utrecht district court found him guilty of forgery, money laundering and bribery at the troubled property arm of the fomer banking and insurance group SNS Reaal. The public prosecutor had asked for a sentence of 27 months. 

Tom der K’s private company Aquarius Consultancy was fined   €20,000 fine and ordered to pay back another €347,101 in bribes. A co-defendant of Tom der K.’s, the 58-year-old accountant Eric van den C, was given 180 hours of community service by the court. 

The public prosecutor had investigated the pair for embezzling SNA’s property arm SNS Property Finance between 2009 and 2013. They embezzled €830,000 from the SNS subsidiary – the present Propertize – via fake and inflated invoices. 

The court reduced the size of the proven bribes to €377,101. The court also set aside the €50,000 fine the public prosecutor had requested.