The Fiod’s investigation focuses on BAM Worldwide, an working agency of Royal BAM Group. In 2020, BAM launched that it may cease operations exterior Western Europe ensuing from ‘lack of perspective’. All of BAM Worldwide’s duties have already been completed, after which the company has started to cope with additional promising markets inside the Netherlands and the UK.
BAM is the largest growth agency inside the Netherlands. It constructed, amongst completely different points, the Amsterdam ArenA, the North/South line in Amsterdam and the FC Groningen stadium. Abroad, it participated inside the Olympic Village for the London 2012 Video video games and the Museum of the Future in Dubai. Recently, BAM suffered fundamental losses on quite a few duties, along with a sea lock in IJmuiden the place the door casings weren’t working appropriately. The renovation of the Afsluitdijk moreover turned out to be much more pricey than anticipated.
A spokesperson wouldn’t say what exactly the company is suspected of. “In view of the continued investigation, we don’t make any bulletins about this. We nonetheless have very restricted particulars about what it’s about and what may presumably be occurring.”
A spokesperson for the Fiod, the felony investigation division of the Tax and Customs Administration, says {{that a}} felony investigation is underway. “That’s the one information I’ll give in the mean time,” he talked about. In the middle of the go to on Friday, the Fiod and the Public Prosecution Service ‘collected information’, says the spokesperson for the event agency. BAM moreover says it ought to cooperate completely with the investigation.
Patrons are shocked by the Fiod raid and are selling their BAM shares en masse. BAM shares fell by nearly 9 p.c on the Amsterdam stock alternate this morning.
BAM Worldwide is an working agency of Royal BAM Group. In response to the group, this division has supplied growth and infrastructure duties exterior Western Europe before now. BAM launched in July 2020 that it may wind down the actions of BAM Worldwide, ensuing from ‘the scarcity of constructive prospects’. All BAM Worldwide duties have now been completed, the company talked about in a press launch.
Recently, the company has constructed a jetty for cruise ships inside the emirate of Abu Dhabi. The company was moreover commissioned to assemble an enormous event hall inside the capital of the United Arab Emirates. In addition to, BAM gained orders for the event of a futuristic museum in Dubai and the event of a freeway inside the port of the an identical metropolis.
In Indonesia, the worldwide division of BAM constructed the largest Ikea retailer inside the nation. That division was moreover full of life in Canada and Australia, amongst others.
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