Morgan Stanley (MS) has rejected allegations of tax evasion by the Dutch Public Prosecution Service on 825 million euros ($930.7 million) in dividends paid on Dutch listed shares between 2009 and 2013, Bloomberg reported Thursday, citing a email from a company spokesperson.

In a Wednesday statement, the Dutch Public Prosecution Service said it was summoning a "foreign bank and an employee" on suspicion of dividend tax evasion, based on an investigation by the country's Fiscal Intelligence and Investigation Service. A court case expected to start around the end of the year, the agency said.

Morgan Stanley confirmed to the news outlet that it was the bank being referred to and disputed the allegations.

"Despite our full cooperation and the lack of clarity in the relevant tax legislation, the Prosecutor is basing this decision on an incomplete investigation and record, in violation of established process," the bank told Bloomberg.

Morgan Stanley did not immediately reply to a request for comment from MT Newswires.

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