Belgium-based financial services company Euroclear has narrowly avoided a €2 billion fraud attempt. However, the Public Prosecutor has refused to investigate due to a lack of resources, reports L'Echo on Saturday.
In 2023, a fraudster impersonated the CEO of Euroclear Bank and requested a transfer of €2 billion. The company detected the fraud and filed a complaint.
However, in April, the Public Prosecutor asked the investigating judge to withdraw from the case. The matter was taken to court, which ruled that the Prosecutor's Office did not have the legal authority to decide which investigations should or should not be conducted.
Any other approach is deemed "illegal". Despite this, the Public Prosecutor's Office remained firm: "We make thoughtful choices out of necessity, to use specialised resources in a targeted, effective, and successful manner."
