Danske Bank A/S’s legal jeopardy is deepening.
Prosecutors in Denmark said on Monday they had opened a criminal investigation into the bank, acting on “multiple complaints” that the Estonian unit of the country’s biggest lender was used to funnel billions of kroner of dirty money.
The prosecutors said that they had been following “the case very closely” for a long period “due to the very serious nature and scope of the case” and vowed to “turn every stone.”
A similar investigation was launched by Estonia last week. The probes come after Bill Browder, co-founder and chief executive officer of Hermitage Capital, filed criminal complaints in July alleging that Danske was guilty of “gross negligence and money laundering and related offenses.”
Read the original article here: bloomberg.com
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