AGL 39.51 Decreased By ▼ -0.49 (-1.23%)
AIRLINK 128.55 Decreased By ▼ -0.51 (-0.4%)
BOP 6.85 Increased By ▲ 0.10 (1.48%)
CNERGY 4.73 Increased By ▲ 0.24 (5.35%)
DCL 8.45 Decreased By ▼ -0.10 (-1.17%)
DFML 40.90 Increased By ▲ 0.08 (0.2%)
DGKC 82.00 Increased By ▲ 1.04 (1.28%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 74.00 Decreased By ▼ -0.43 (-0.58%)
FFL 11.90 Increased By ▲ 0.16 (1.36%)
HUBC 110.85 Increased By ▲ 1.27 (1.16%)
HUMNL 14.11 Increased By ▲ 0.36 (2.62%)
KEL 5.21 Decreased By ▼ -0.10 (-1.88%)
KOSM 7.54 Decreased By ▼ -0.18 (-2.33%)
MLCF 38.96 Increased By ▲ 0.36 (0.93%)
NBP 63.85 Increased By ▲ 0.34 (0.54%)
OGDC 193.40 Decreased By ▼ -1.29 (-0.66%)
PAEL 25.59 Decreased By ▼ -0.12 (-0.47%)
PIBTL 7.30 Decreased By ▼ -0.09 (-1.22%)
PPL 153.45 Decreased By ▼ -2.00 (-1.29%)
PRL 25.90 Increased By ▲ 0.11 (0.43%)
PTC 17.50 No Change ▼ 0.00 (0%)
SEARL 81.34 Increased By ▲ 2.69 (3.42%)
TELE 7.58 Decreased By ▼ -0.28 (-3.56%)
TOMCL 33.40 Decreased By ▼ -0.33 (-0.98%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.45 Increased By ▲ 0.18 (1.11%)
TRG 56.90 Decreased By ▼ -1.32 (-2.27%)
UNITY 27.60 Increased By ▲ 0.11 (0.4%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,516 Increased By 71.1 (0.68%)
BR30 31,192 Increased By 2.8 (0.01%)
KSE100 98,304 Increased By 506.2 (0.52%)
KSE30 30,673 Increased By 192.1 (0.63%)

The chairman of Swedbank, the Swedish lender accused of money-laundering in Baltic countries, stepped down on Friday, the bank said a week after the board sacked its chief executive. "Lars Idermark has, with immediate effect, decided to leave the role as chair of Swedbank. Thereby, the current deputy chair, Ulrika Francke, will become new chair," the bank said in a statement.
Swedbank has been embroiled in scandal since February when an investigative news show on public broadcaster SVT claimed to have seen documents showing that at least 40 billion kronor (3.8 billion euros, $4.3 billion) of suspicious transactions had been channelled to Baltic countries from Swedbank accounts.
Many of the transactions took place between 2007 and 2015, and some of the money may have first transited Danske Bank, which is at the centre of a giant money-laundering scandal. Last week, Swedbank's board fired CEO Birgitte Bonnesen over the scandal.
US financier Bill Browder, who has made an international career of going after money-launderers, reported Swedbank to the Swedish economic crime authorities (EBM) over the allegations. But EBM announced on April 1 that it would not open a criminal investigation due to the five-year statute of limitations and because the events occurred before Sweden's anti-money laundering laws were tightened in 2014. Browder has appealed that decision.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.