Former Jumbo boss faces money laundering charges: FD – DutchNews.nl

The former CEO of supermarket chain Jumbo is facing charges of money laundering as well as tax fraud, corruption and forgery, sources have told the Financieele Dagblad.

Frits van Eerd, 57, is due to stand trial in Assen later this month, two years after police raided his home as part of an investigation into suspicious business transactions.

Neither the prosecution service nor Van Eerd’s lawyer, Robbert Jonk, would confirm the reports.

Prosecutors believe Van Eerd used Jumbo’s sponsorship of sports events such as the Dutch Masters of Motocross to launder money.

Jumbo was also a co-sponsor of a professional cycling team for several years and was an early sponsor of Formula One champion Max Verstappen.

Police found €445,000 in cash at his home in Noord-Brabant and investigated transactions in real estate and the motor trade. His lawyers said they had paperwork to prove the money was obtained legitimately.

Van Eerd stepped down as CEO of the family firm when the allegations first came to light. He was succeeded last year by former CFO Ton van Veen.