KBC gets a Belgian politician in big trouble

Schouppe a secretary for state of Transport for the Belgian federal government thought he was a smart guy when he ordered his local bank to sell his stock in KBC in may just a few days before it became publicly known that they had to be saved for another time (and their stocks crashed of course).

But he forgot that the Belgian banks are obliged by law to inform the authorities when they think that transactions may be fraudulent. Banks can lose their license if they don't (and it is found out). No bank ever lost it license but I am not sure that means that every banks informs the justice department directly when it thinks it sees a fraudulent transaction.

So he was realy surprised they acutally did so.

As a politician he should be proud they do the things they should do by law and didn't take the risk of being investigated for 'covering up'.

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