Estonian branch of Danske Bank handled $30bn of Russian money
Up to $30bn was parked in Danske’s Estonian branch by non-residents in 2013.
Danske Bank is caught on laundering $30bn of Russian and ex-Soviet money through its Estonian branch in a single year, Financial Times reports citing the report by Promontory Financial consulting company.
The report states that up to $30bn was parked in Danske’s Estonian branch by non-residents in 2013, the peak year of a scandal that lasted from 2007 until 2015. A person close to the investigation stated that “It’s a truly breathtaking amount for such a small branch. You can’t have that amount flowing through without it raising questions.” The bank has already initiated an internal check.
Earlier, the Estonian prosecutor's office initiated an investigation into the complaint of Bill Browder, a financier and founder of the Hermitage Capital foundation. He convicted employees of the Estonian branch of Danske Bank in facilitating money laundering.
Attorney General of Estonia announced that 26 employees of the Estonian branch of the bank are currently under investigation. They, according to Estonian law enforcement agencies, created a criminal group engaged in money laundering, through which $13 billion could be transferred.
Denis Konstantinov has been warned that criminal case into high treason might be initiated against him. He states he was beaten and demanded to confess of his cooperation with foreign intelligence services.
Two 21-year-old residents of Perm are suspected of the murder of Dmitry Nekrasov. It is reported that after the homicide, personal belongings were stolen from Nekrasov’s apartment. A manhunt for the second suspect is underway.