The Danske Bank money laundering scandal looks to have claimed its first scalp, after former chief executive Thomas Borgen was charged by Danish prosecutors on Tuesday.
Borgen, who had previously been in charge of the bank’s international operations, including its ill-fated Estonian branch, before ascending to the top job, resigned in September 2018 after the bank was found to have allowed around €200bn to flow through its Baltic arm.
Although Danish police filed preliminary charges against the bank itself in November 2018, Borgen is the first individual to face charges over the affair.
Local media also reported that two other former managers had been charged, but their names were not given.
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