You are here: Home » Reuters » News
Business Standard

Danske Bank says may be investigated again in France

Reuters  |  COPENHAGEN 

(Reuters) - Danske Bank, which is embroiled in a major case linked to its Estonian branch, may come under formal investigation for a second time in France, it said on Friday.

is already under investigation by authorities in Denmark, Estonia, Britain and the over suspicious payments totalling 200 billion euros ($229 billion) made through its Estonian branch between 2007 and 2015.

Bill Browder, founder and of investment fund Hermitage Capital Management, told reporters on Thursday he had asked French authorities to investigate Danske over alleged money laundering, rather than treating it as a witness. [nL8N1ZA5S2}

Following of Browder's press meeting the issued an update on the French investigation on Friday.

The has this month received a letter from an of the de Grande Instance de Paris court summoning it to an interview, stating that the envisages placing it under formal investigation, Danske said.

"As a result, may again become subject to formal investigation instead of being an assisted witness," it said.

The investigation is into alleged organised laundering of the proceeds of tax evasion and includes transactions worth around 28 million euros ($32 million) between 2007 and 2014, said.

The bank was charged with violating French anti-legislation in October 2017, but its status was changed to that of "assisted witness" in January 2018.

($1 = 0.8678 euros)

(Reporting by Teis Jensen; Editing by Kirsten Donovan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 14:39 IST
RECOMMENDED FOR YOU