Swedbank accused of handling $176m connected to alleged Russian fraud

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Bill Browder, the chief executive of Hermitage Capital Management has filed the complaint with the Swedish authorities. He claimed that the pattern of the process in the Swedbank money laundering case is similar to the Nordea money laundering case which involved money from the Baltics as well. He is therefore urging Sweden to conduct a transnational investigation and collaborate with other authorities.

The Financial Times, Richard Milne, March 7th 2019