Cost of fraud triples for Philips fund

By 2008-08-04T13:45:00

NETHERLANDS – The €13.4bn Dutch pension fund of electronics major Philips has executed several sequestrations in relation to its involvement in the recent property fraud, which is now estimated to have cost the fund €150m.

You have now reached your article limit

Already a registered user or subscriber? Sign in here

To continue reading, register free today for access

Register today

Registration also includes access to IPE

 

PropertyEU has now merged with IPE Real Assets
Registration will give you access to the PropertyEU archive.
If you have a PropertyEU membership find out how to get access.

Gated access promo

Five reasons to register today

  1. Access IPE Real Assets articles
  2. Daily news alerts and updates
  3. Track what the world’s leading institutional investors are doing
  4. Learn about the latest industry research and market analysis
  5. Comprehensive archive of data and intelligence on investors and fund managers
SEE HOW IPE REAL ASSETS CAN HELP YOUR business