The two suspects, Ad van T. and Michel G., have been involved in two investment funds, one of which was set up by Koelewijn. He is also a supervisory director of another fund devised by one of the fraud suspects.
Koelewijn already acknowledged to the Volkskrant that he ‘temporarily’ no longer teaches at Nyenrode. “I had a zero-hour contract with Nyenrode. That has been suspended. And if you no longer teach there, you can no longer call yourself a professor,” he said in the newspaper. Nyenrode has now announced that Koelewijn will not return as professor.
Michel G. has been suspected or convicted in three investment frauds. Ad van T. was co-suspect of money launderer Jan-Dirk Paalberg and illegally led the suspected trust company ICM. Koelewijn previously said in the media that he was working with the two, because fraudsters also deserve a second chance.
As a professor, Koelewijn specialized in good corporate governance. In the media he often spoke about financial affairs and he headed the investigation department of the Netherlands Authority for the Financial Markets (AFM), which monitors the integrity of the financial sector.
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