09 May 2019
Danish prosecutors have charged 10 former Danske Bank managers over their suspected involvement in one of the world’s biggest money laundering scandals, newspaper Berlingske reported on Wednesday, citing unidentified sources.
The charges relate to a case involving some 200 billion euros ($224 billion) of suspicious transactions that passed through Danske Bank’s Estonian branch between 2007 and 2015.
Former chief executive Thomas Borgen, who stepped down last October, was among the 10 people charged, Berlingske said.
On Tuesday, Borgen’s lawyer told newspaper Borsen that his client had been charged and his home raided by investigators.
The Danish state prosecutor declined to comment on Wednesday. Borgen’s lawyer was not immediately available for comment.
By Jacob Gronholt-Pedersen and Stine Jacobsen. Reuters, 8 May 2019
Read more at Reuters
Count this content towards your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet