The CEO of internet betting software designer Sheriff Gaming is among those arrested in the Netherlands last week, accused of laundering roughly €110 million through an illegal online betting ring.
Stijn Flapper, who acts as CEO at Sheriff was among those arrested last week in connection with the case, which allegedly caused the firm to have its Alderney e-Gaming license suspended recently.
The arrests are the culmination of an investigation that lasted the better part of the year, and saw the closing of seven illegal online betting sites that were offering action to punters located in the Netherlands.
A statement released by Sheriff Gaming acknowledged that Flapper was involved in the case, but protested his innocence and that the defendant would finally be afforded the chance to answer the charges. The group also insisted that it is not involved at all in the case, saying: "Our business is the honest business of creating cutting edge 3D games whilst our activities have nothing to do at all with money laundering activities whatsoever."