Scandal-hit Swedbank confirms authorities searched headquarters
- Country:
- Sweden
Swedish lender Swedbank confirmed on Wednesday that the Swedish Economic Crime Authority had searched its Stockholm headquarters but said no one had been informed they were suspected of a crime.
Swedbank, under pressure over allegations its Estonia operations may have been used to launder money, may have withheld information from U.S. authorities over suspicious financial transactions, TV channels reported on Wednesday.
"At this point of time, no individual or legal entity has been served (with a notice of a) suspicion of (having committed) a crime," Swedbank said in a statement. "As communicated before, we will cooperate with the authorities."
Sweden's Economic Crime Authority said earlier on Wednesday it was carrying out a search at Swedbank's head office in relation to an ongoing investigation into whether the bank breached insider trading regulations.
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