A Dutch prosecutor is investigating Healthcare of Ontario Pension Plan (HOOPP) and a former employee, alleging the fund evaded more than €200-million ($325-million) of taxes on dividend income over a five-year span.

The Netherlands Public Prosecution Service said in a statement Friday that it is “summoning a foreign pension fund” on a suspicion that the pension plan wrongly claimed refunds on dividend tax withheld between 2013 and 2018.

The statement did not name the pension fund, but HOOPP confirmed Friday that it is the subject of the investigation and said in a statement that it “firmly rejects” the allegations.

“HOOPP is surprised and disappointed by this decision and will vigorously defend itself against these allegations,” the statement said.

The Dutch prosecutor’s allegations st

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