Bill Browder, an investor who campaigns to expose corruption, has filed a complaint with Swedish authorities over Swedbank’s alleged links with Danske Bank’s money laundering scandal.
On Friday, Swedbank disclosed, it has been notified by Swedish authorities that Bill Browder, an investor who campaigns to expose corruption, had filed a complaint with them over its alleged link to a Baltic money-laundering scandal.
“We can confirm that we have received information that Hermitage Capital Management has submitted an application for investigation to several Swedish authorities,” said Swedbank’s spokeswoman on Friday. “We take the allegations seriously, and we will cooperate fully with the relevant authorities”.
The development comes in the wake of several European and foreign banks being involved in scandal revolving around suspicious transactions totaling 200 billion euros originating from Russia and elsewhere that flowed through Danske Bank’s Estonian branch between 2007 and 2015.