BusinessCompany NewsAhold in criminal investigation

Ahold in criminal investigation

The Dutch public prosecutor on Saturday raided the Zaandam head office of embattled Ahold, kicking off a criminal investigation into the Dutch supermarket chain.

Link: Ahold in criminal investigation

Ahold has stated it has given its full co-operation to the investigation and is working with the prosecutor. It is also co-operating with the US Securities and Exchange Commission and the US Department of Justice in connection with their ongoing investigations into Ahold subsidiary US Foodservice.

The company said it ‘deems it inappropriate to give any further information concerning these investigations while their outcomes are pending’.

Following Deloitte & Touche refusal to sign off Ahold’s consolidated accounts in February, the super grocer has announced a series of holes in the accounts of its international subsidiaries including US Foodservices. Ahold started began internal investigations and fears its total accounts correction may amount to euro 1bn.

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