Russian money of the “Magnitsky case” could launder in Sweden – media

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Swedbank may be involved in multi-billion dollar laundering of funds through the Estonian branch of Danske Bank, which as believe, has become a center of money laundering from the former Soviet Union.
Illustration REUTERS

26 million of the 5.8 billion dollars of suspicious funds could be laundered through one of the largest banks in Sweden, Swedbank is related to Russian tax fraud uncovered by Russian auditor Sergey Magnitsky.

Read takeesha check Deutsche Bank in the case of money laundering from Russia and other countries of the former USSR

It is reported by the European true with reference to the Swedish television company SVT, which reported on the large-scale laundering of funds through Swedbank.

“The TV channel said that Swedbank may be involved in multi-billion dollar laundering of funds through the Estonian branch of Danske Bank, which as believe, has become a center of money laundering from the former Soviet Union, particularly Russia and Azerbaijan,” the message reads.

The broadcaster reported that between 2007 and 2015, approximately fifty customers of Swedbank transferred about 40 billion crowns (according to the calculations of Swedes we are talking about $ 5.8 billion) of suspicious funds between Swedbank and Danske Bank.

“Investigation of the Swedes showed the transactions that can be associated with the large-scale tax fraud in Russian history, opened Russian auditor Sergey Magnitsky. As you know, this revelation led to his death and adoption in 2012 in the United States of the Magnitsky act, introducing sanctions to a number of involved citizens of Russia”, – emphasizes the publication.

SVT now reports that some of suspicious money leading to one of the largest banks in Sweden – Swedbank. A total of 26 million has been translated into about 50 accounts in Swedbank. The money spent through the companies suspected of money laundering as part of a major scandal in Danske Bank.

France, Denmark, USA and other countries have carried out investigation into the activities of Danske Bank in Estonia. On Tuesday, Danske Bank announced that it is closing its branches in Russia, Estonia, Lithuania and Latvia due to suspicion of money laundering through its Estonian subsidiary.