Swedbank ex-chief charged over money laundering scandal

Birgitte Bonnesen accused of fraud and market manipulation in relation to high-risk transactions in Baltics

The former chief executive of Swedbank has been charged with fraud, market manipulation and the unauthorised disclosure of inside information, following an investigation into a large-scale money laundering scandal in the Baltics.

Birgitte Bonnesen, who was sacked as chief executive two years ago when the scandal came to light, repeatedly spread misleading information" that the bank did not have any issues with its anti-money laundering (AML) processes in Estonia, according to Sweden's Economic Crime Authority.