Inspectors raid construction company Bam International over ‘irregularities’

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Photo: Royal Bam Group

Construction company BAM is under investigation for “potential irregularities” in its international projects department, which is in the process of being wound up.

Officials from the Inland Revenue’s FIOD and Public Prosecutor’s Office raided the offices of BAM International in Gouda on Friday.

BAM said in a statement that the investigation relates to a number of completed projects, adding that the company is “fully cooperating with the investigation”.

Bam International was established by Royal Bam Group to bid for and implement development projects outside of Western Europe, including roads in Dubai, an airport project in Tanzania, an LNG terminal in Panama and Unilever’s regional headquarters in Indonesia.

The parent company announced in July 2020 that it would wind up Bam International due to poor prospects. All projects have been completed, Royal Bam Group said.

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