COPENHAGEN: Danske Bank, which is embroiled in a major money laundering case linked to its Estonian branch, may come under formal investigation for a second time in France, it said on Friday.
Danske Bank is already under investigation by authorities in Denmark, Estonia, Britain and the United States over suspicious payments totalling 200 billion euros ($229 billion) made through its Estonian branch between 2007 and 2015.
Bill Browder, founder and CEO of investment fund Hermitage Capital Management, told reporters on Thursday he had asked French authorities to investigate Danske over alleged money laundering, rather than treating it as a witness. The bank has this month received a letter from an investigating judge of the French Tribunal de Grande Instance de Paris court summoning it to an interview, stating that the judge envisages placing it under formal investigation, Danske said. — Reuters
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