Six men have been jailed for up to four years for their role in the ‘digital theft’ of some €45m from ABN Amro and Rabobank, the Telegraaf says on Monday.

The banks were able to intervene and claw back €42m but the gang got away with €3m, the court in Amsterdam was told.

The fraud was based on the sale and purchase of options and was both ‘international and extremely refined’, judges said.

The public prosecution department is planning to appeal against the sentences because they are too light.