Dutch authorities raided the properties of entrepreneur Charles Ratelband, suspecting him of embezzlement and money laundering totaling €23 million. Ratelband allegedly collected funds from investors starting in 2022, promising investments in sustainable energy projects like wind turbines and hydrogen technology. However, investigators believe the money was misappropriated and not used for its intended purpose, with investors no longer receiving promised returns. Funds were reportedly transferred to Ratelband's private account, and attempts to contact him have been unsuccessful. This isn’t the first time Ratelband’s financial dealings have come under scrutiny, with past allegations of misused investor funds linked to a real estate property dating back to 2020, and a previous ruling finding his investor disclosures inadequate. The Financial Investigation Department (FIOD) conducted the searches but did not name Ratelband in its initial press release.