The Swedish Economic Crime Authority (Ekobrottsmyndigheten, EBM) said on Wednesday that it was launching a preliminary investigation following reports that 15 of Swedbank’s largest shareholders received information that the bank was connected to a sprawling money laundering scandal before broadcaster SVT broke the news last week.
Meanwhile, SVT yesterday revealed new details about individuals connected to the scandal, including Ukraine’s former president, Viktor Yanukovych, who allegedly used Swedbank to funnel millions out of the country.
According to prosecutors, the former president funnelled the equivalent of SEK 34 million through a Swedbank account. The money was from a suspected bribe and Swedbank was aware of this in 2017, said SVT. Additionally, SEK 170 million has passed through Yanukovych’s company via Swedbank between 2007 and 2013, reports Dagens Nyheter.
Svenska Dagbladet says today that experts at the Swedish Financial Supervisory Authority (Finansinspektionen) were warned about Russia’s Carbo One – which SVT has indicated was involved in the Swedbank money laundering scandal – back in 2017, but the watchdog’s management chose not to take any action.
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