The Swedish bank SEB was a striking fall on the stock exchange in Stockholm on Friday. Investors were shocked at the link made by journalists from the Uppdrag Granskning research program between the financial group and the extensive money laundering affair in the Baltic states.
Dankse Bank plays a major role in this matter. The Danish bank is said to have facilitated billions of euros in doubtful cash flows through a branch in Estonia.
According to SEB, the investigative journalists claim to have information about the affair that concerns SEB. It says it doesn’t know which information it is. However, the bank promised that it will take immediate action if incriminating information is actually revealed.
Earlier, the research program already revealed the link with Swedbank and the affair. The journalists found suspicious transactions from that bank with dozens of entities.