Judge orders Fortis investigation

This week, on the 24th of October, a Dutch judge ordered a major independent investigation into the break-up of the Fortis group to establish if there was mismanagement. They also decided that Fortis should pay all costs related to the investigation estimated around 600,000 Euro.

The VEB (an organisation that represents the small shareholders) who took the matter to court is pleased with the decision of the Dutch company court.

Although the decision was to be expected after the outcome of a similar Belgian case earlier this month, the trade of Fortis shares on the Amsterdam and Brussels stock exchanges was suspended during the trial

Raf Van Bulck

Source: De Tijd