The curious man behind Nordic banking scandals: Bill Browder

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In recent days Sweden’s largest mortgage bank, Swedbank, fired its CEO amid charges she was involved in a multi-billion dollar money laundering operation. Swedbank now joins Denmark’s largest bank, Danske Bank, and several other European Union banks implicated in laundering what has been claimed amounts to more than $1 trillion in funds of Russian or Ukraine or other origin in recent years. As impressive as the scandal appears, equally interesting is the curious man triggering the scandals. On March 28 Swedbank AB fired its CEO, Birgitte Bonnesen, amid allegations she was complicit in a conspiracy to launder billions of dollars in money from former Soviet Union states via Swedbank’s Estonia branch. At present Swedish SVT television reports suggest the mortgage bank laundered as much as 20 billion euros ($23 billion) in questionable funds each year, between 2010 and 2016 in Estonia, which, if true, would total some $140 billion. Swedbank allegedly also misled US authorities on its…

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This post originally appeared on SOTT.net

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