A Danish newspaper reported that prosecutors have charged a former chief executive of Danske Bank for his involvement in one of the world’s biggest money-laundering scandals.
The newspaper Borsen on May 7 quoted lawyer Peter Schradieck as saying that prosecutors raided the home of his client, Thomas Borgen, on March 12.
Borgen is the first person to be charged in a case that involves suspicious transactions of some 200 billion euros that passed through Danske Bank’s Estonian branch between 2007 and 2015.
Danish regulators say the transactions involved nonresident accounts and that up to 35 percent of them were Russian. The second-largest number of nonresident accounts were from Britain.
Read the original article here: rferl.org
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