Brussels prosecutors probe hidden payments at federal investment firm SFPIM
The Brussels public prosecutor's office has opened a judicial inquiry into alleged public-corruption offences at the Federal Participation and Investment Company (SFPIM), focusing on concealed remuneration schemes from 2023-2024.
Investigators from the economic and financial division of the Brussels federal judicial police say a covert payment system was allegedly set up by the SFPIM board president and his adviser. The scheme reportedly involved channeling fees through a nonprofit to disguise services for preparing a financing dossier for the SPFIM. The probe covers activities that took place during 2023 and 2024, and the prosecutor’s office responded to questions from one outlet about the case.
Why it matters
The case highlights potential misuse of public funds and governance failures in a major federal investment entity.
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