Administrator accuses former Spyker CEO Victor Muller of bankruptcy fraud

Superintendent Dennis Steffens will file charges against Spyker founder Victor Muller. The 63-year-old Muller is accused of bankruptcy fraud, according to a letter the trustee has sent to Spyker’s creditors. This is reported by BNR Nieuwsradio.

Muller, the former CEO of the Dutch luxury car maker, would not consider an agreement on creditor compensation. Two years ago, an agreement was concluded that required Muller to pay the remaining debt in the event of bankruptcy, but the former CEO of Spyker has not yet agreed.

Superintendent Steffens is particularly disappointed by Muller’s actions. For example, he would approach creditors with a different type of business than that of a trustee. Muller would make a proposal to creditors where he would try to buy the debt with a huge discount behind the guarantor. That’s not allowed according to Steffens. By his actions, Muller misled creditors in a way that could be punished. So the administrator will report the bankruptcy fraud.

Sell ​​it

Muller’s actions threaten the sale of the Spyker brand, something the founder wants to prevent. “If Muller pays the full debt, then he has fulfilled his obligations and Spyker still belongs to him. However, if it does not work and there is no money, the trustee can sell the rights to the trademark. That is what he plans to do now,” says the journalist of Autoblog Robert van den Oever at BNR Nieuwsradio.

In March, administrator Dennis Steffens filed a claim for 3.1 million euros with Spyker Ltd., the company whose founder Victor Muller wants to restart. According to the administrator, the company wrongly collected revenue generated from the sale of products from the bankrupt Spyker Services.

Muller found new Russian investors for Spyker in 2020. But due to the war in Ukraine, this investment could not be implemented.