Investigation into potential fraud at BAM International concludes

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’s completed projects.

BAM conducted its own internal review in connection with the DPPO’s 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’s administration and imposed a fine of €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, “BAM 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.”