Economy
Businessman Suspected of Multi-Million Fraud with Green Investments
The Dutch financial investigation service (FIOD) raided several properties of entrepreneur Charles Ratelband on 2026-08-26, sources told NOS. The 46-year-old son of Emile Ratelband is suspected of embezzlement and money laundering, allegedly raising €23 million from investors since 2022 for green projects like wind turbines and hydrogen technology. FIOD states the funds were likely not used as promised and interest payments have stopped. Millions reportedly went to Ratelband’s private account. He was unreachable for comment, and past suspicions of fraud are noted.
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