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Swedbank Scandal Deepens as Laundering Linked to Yanukovych

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  • Swedish prosecutor is separately probing insider allegations
  • The developments reveal a growing Baltic laundering scandal
Viktor Yanukovych
Viktor Yanukovych Photographer: Kirill Kudryavtesev/AFP via Getty Images

Allegations of money laundering against Sweden’s oldest bank grew this week to draw in some of the former Soviet Union’s most notorious individuals.

Viktor Yanukovych, the president of Ukraine until 2014, used an account at the Baltic unit of Swedbank AB to transfer money out of the country, Sweden’s main broadcaster, SVT, reported on Wednesday.