Sources tell Dutch newspaper De Telegraaf that the Ministry of Foreign Affairs would fear for damage to the diplomatic and economic interests with Saudi Arabia as any criminal investigation would expose the names of those who have received the bribes.
Ballast Nedam allegedly paid 500 million euros worth of bribes to government officials in Saudi Arabia to convince them to call on the services of Ballast Nedam.
Ballast Nedam was able to thwart criminal prosecution – as a company – by paying Dutch authorities 17.5 million euros. Nonetheless, the criminal investigation into the actual individuals involved in the ordeal would proceed. That investigation involves representatives of KPMG, high level officials at Ballast Nedam and also high level government officials in Saudi Arabia.
The newspaper also argues that the investigation resembles the one into the practices of BAE in the UK, where Prime Minister Tony Blair at the time decided to halt the criminal investigation as high level officials in Saudi Arabia threatened to cancel a mega order of 10 billion euros.
KPMG May Have Arranged For Hundreds Of Millions Of Euros Worth Of Bribes On Behalf Of Ballast Nedam