19.11.2014 • News

AkzoNobel US Subsidiary Said Defrauded of €53 million

A US subsidiary of AkzoNobel based in Chicago has been been defrauded of up to €53 million, the Dutch chemical producer said, without providing details.

The company said it had taken immediate action to stop the fraud when detected and that it might be able to reduce the financial impact. An independent legal counsel assisted by an independent audit firm has been assigned to investigate the matter, it added.

AkzoNobel said the fraud appeared to be an isolated incident not linked to its operational activities. The company did not indicate whether any of its own employees were involved.

 

Interview

Leading Transformation
The Path to Sustainable Growth

Leading Transformation

As Executive Vice President of International Chemicals since early 2024, Antje Gerber has been steering Sasol through a pivotal reset—focused on resilience, innovation, and bold sustainability goals.

Virtual Event

High Performance Food Production
Perfection Starts in the Tank

High Performance Food Production

March 24, 2026 | Optimize your food production with smarter mixing—join the Ystral seminar to discover 20 real-world applications that cut processing times, reduce costs, and boost product quality.

Top-Feature

most read

Photo
News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.