Economic crisis More than ten years after the demise of Fortis, the public prosecutor in Brussels and decided to not to prosecute. Reports that the public prosecutor in Brussels today.
In 2013 was the public prosecutor, seven ex-directors of the Fortis group and fortis bank for the court to drag them because they are the investors, not enough would be informed about the exposure of Fortis to the consequences of the real estate crisis in the United States, at the time of the acquisition of the Dutch bank ABN Amro. But after additional research and previous judicial decisions in this country and abroad, the Brussels public prosecutor now his vision adjusted and decided the seven ex-directors of the Fortis group and fortis bank yet not to prosecute.
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“After a thorough analysis of all the documents of the criminal file, it is now to the estimation of the parquet is not possible with sufficient certainty to determine that all required constitutive elements for a crime of falsehood in jaarrekeningenen can be shown”, it sounds. “In addition, account was taken of the criminal description of the charge, the legal and economic details of the case and to previous judicial decisions in this country and abroad.”
Lapsed facts
from the elimination of the charges are according to the public prosecutor of Brussels, the other facts, barred, or barred them at least soon. “We want to emphasize that the Fortis dossier still operating, was to be followed,” says the parketwoordvoerster yet. “And that we the past two years constructive, have been prepared, in particular by giving priority to the compensation of the shareholders/victims. That active monitoring has undoubtedly contributed to the creation of the settlement for the benefit of the injured shareholders.”
According to the office of the public prosecutor that attitude along motivated by the observation that victims in other large financial records after years of litigation, never an effective compensation. “What is in this dossier the case will be when the settlement has become final.”
“It is no measure will have been for nothing”
Lawyer Laurent Arnauts, which is about 1.4000 Fortis investors have represented, ceased in 2016 the legal battle against insurer Ageas, the legal successor of Fortis. He joined a settlement that Ageas to the Dutch court found with different other shareholders ‘ representatives. This settlement provides for a payment of 1.3 billion euros.
“My clients have me vote with more than 99 percent of the command given to the settlement with Ageas to support, and no further steps in the criminal record”, responds Arnauts on the decision of the public prosecutor. “I endorse the statement of the public prosecutor’s office that that file and our commitment therein has contributed greatly to the largest European settlement ever. So it is not a measure will have been for nothing.”
Anauts hopes that other similar complex financial matters, the choice is taken to such as Ageas for a settlement.
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