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Businessman Gerard Sanderink must repay more than 91 million euros to his former IT company Centric. A court in Amsterdam decided this. Sanderink had demanded 30 million euros from Centric, but that demand was not met.
The dispute turns according to NOS for a dividend of 80 million euros that Sanderink paid out a few years ago to his holding company, Sanderink Investments. The businessman was still CEO of the IT company at the time, but a few years later he decided to have the dividend payment converted into a loan. He reportedly did this because a dividend payment would have been fiscally disadvantageous for one of his other companies, Strukton.
Centric’s current board demanded 80 million euros back, plus interest and costs. The board was ruled in favor by the judge in Amsterdam and Sanderink should pay the amount immediately. An appeal could not stop the payment obligation.
