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Sealed Envelope Takes Center Stage in Swedbank Laundering Drama

A sealed envelope reported to contain sensitive information and criticism of Swedbank AB has become the centerpiece in the unfolding scandal involving billions of dollars of cash flowing out of Russia through Estonia.

It holds a report by Norwegian lawyer Erling Grimstad, who was commissioned by the bank to look into its activities after the scandal erupted with revelations about Danske Bank A/S. The report is now in the hands of prosecutor Thomas Langrot. He was reluctantly handed it in the sealed envelope during a raid of the bank’s Stockholm headquarters on March 27.