Danske Chairman Says ‘Large’ Part of $234 Billion Is Suspicious
- CEO Borgen will step down for his role in laundering case
- Bank says close to half of Estonian accounts were deemed risky
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The chairman of Danske Bank A/S now says that a “large” part of the $234 billion that flowed through a tiny Estonian unit at the center of a money laundering scandal may need to be treated as suspicious transactions.
Denmark’s largest bank revealed the total figure in a on Wednesday, in an effort to answer questions about Danske’s involvement in one of Europe’s biggest dirty money sagas. The document also contained the news that Chief Executive Officer Thomas Borgen, 54, will step down for his role in the scandal. Chairman Ole Andersen, 62, hinted that he too may leave once the case has been brought to an end.