Danske Criminal Probe Leads to First Bankers Being Detained

An international criminal investigation into Danske Bank A/S has led to the first group of bankers being apprehended, and prosecutors say more will probably follow.

Police in Estonia have detained 10 former Danske employees in connection with what may be Europe’s biggest ever money laundering case. The country’s head of central criminal police, Aivar Alavere, said the group is thought to have acted as a “network” and is suspected of having knowingly enabled laundering. Two of the suspects are also thought to have facilitated or taken bribes.