Dutch tech company director arrested over alleged Russia sanctions evasion

The Netherlands’ Fiscal Information and Investigation Service (‘FIOD’) has arrested a 57-year-old company director for allegedly selling sanctioned computer components to Russia through third countries.

‘The suspicion concerns the sale of sanctioned motherboards and graphics cards to Russian buyers via Hong Kong, the United Arab Emirates and Cyprus for an amount of at least 24 million US dollars,’ FIOD said in a statement, 14 February.

Investigators searched the suspect’s home and business premises on 11 February, seizing physical and digital records and freezing several bank accounts. The suspect, who directs a private limited company, is being investigated for violations of the Sanctions Act.

The case is being led by the Functional Public Prosecution Service, which oversees FIOD’s sanctions enforcement efforts following Russia’s invasion of Ukraine.

https://www.fiod.nl/aanhouding-in-onderzoek-overtreding-sanctiewet