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Dutch arrest Indian man wanted for US bank fraud

November 29, 2011
Total Loss: $150 Million

An Indian man wanted in the United States in connection with bank fraud totalling around 150 million dollars has been nabbed at Amsterdam's Schiphol airport, Dutch gendarmes said Tuesday.

"A 40-year-old man was arrested last Wednesday (November 23) at the airport after a passport check," Joost Wezemer, the Dutch gendarmery's spokesman at the airport, told AFP.

"American authorities are looking for the man in connection with the embezzlement of 150 million dollars (113 million euros)," Wezemer added in a statement, saying the man was wanted for "large-scale bank fraud."

Source: Expatica.com
Posted in: Deposit Account Fraud
Tags: embezzlement