Investigation into potential fraud at BAM International concludes
17 December 2024
The Dutch Public Prosecutions Office (DPPO) has closed a pending investigation into contractor BAM International.
The Dutch Public Prosecutions Office (DPPO) has closed a pending investigation into contractor BAM International. Image: Adobe Stock
The DPPO started an investigation in 2022 into suspicions relation to potential fraud and corruption at some of BAM International鈥檚 completed projects.
BAM conducted its own internal review in connection with the DPPO鈥檚 investigation and identified certain potentially irregular payments in connection with an unrelated completed project in Africa.
BAM self-reported these potentially irregular payments to the DPPO. The DPPO concluded that not all of these payments were properly recorded in BAM International鈥檚 administration and imposed a fine of 鈧�30,000 (US$31,000) on BAM International through a penalty order.
BAM said it would not appeal the penalty order.
In a statement, it said, 鈥淏AM welcomes the resolution of the investigation into BAM International, which has been in wind-down since mid-2020. BAM emphasises its strong and continuing commitment to integrity, including compliance with all applicable laws, regulations and standards.鈥�
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