The public prosecutor’s investigation into the sale of Amsterdam fintech company Payvision to ING has been stopped.
The public prosecutor’s investigation into the sale of Amsterdam fintech company Payvision to ING has been stopped. The Public Prosecutor’s Office was investigating the sale of the payment service that ING acquired for €350 million. The reason for the investigation was that the price was driven up just before the sale.
Shortly after the purchase, ING discovered that much was wrong at Payvision, which was founded by Quote 500 member Rudolf Booker. For example, there were risky customers and ongoing conflicts with the regulator DNB. The latter filed charges in 2021. The Public Prosecutor started a criminal investigation into the violation of money laundering rules by Payvision, which did not check suspicious transactions for years.
Het Financieele Dagblad reports that the investigation was terminated due to a lack of evidence.