Kees offered Ovagen an irrevocable loan commitment letter and requested an €840,000 processing fee for an escrow account, promising to refund if funding was not secured.
Despite claims of securing a loan through HSBC and establishing an escrow account, investigations revealed neither existed, leading to suspicions from Ovagen's directors.
Detective Garda Heaney emphasized that Kees misled Ovagen about the existence of the escrow account and the supposed financier, highlighting the fraudulent nature of the scheme.
The court's findings indicated that Kees not only failed to fulfill his promises but also operated with false documentation, ultimately leading to his guilty plea for fraud.
Collection
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