Belgian Police Raid Belgian and Foreign Banks on Tax Fraud Probe

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Monday, January 1, 2001
Author: 
Bruce Zagaris
Volume: 
17
Issue: 
1
10
Abstract: 
On November 15, 2000, Belgian police searched the head offices of at least five Belgian and foreign banks in a continuing investigation of tax crimes. According to the Brussels public prosecutor’s office, approximately 100 police officers had searched the offices of several banks in Brussels and some homes of bankers. The searches were the largest operation since the start of the investigation. In 1994, Jean-Claude Van Espen, a magistrate, started investigating whether banks making foreign investments for their clients had made false claims between 1990-1992 relating to tax payments…[more]