Europe

Lithuanian woman jailed for laundering €4 billion through Danske Bank


A Lithuanian lady has been jailed in Denmark over a global money-laundering scandal involving Danske financial institution.

The 49-year-old suspect had admitted to utilizing the Danish financial institution’s Estonian department to attempt to launder 29.5 billion Danish kroner, or virtually €4bn.

She was given a jail sentence of 4 years and one month by the Copenhagen City Court on Thursday.

The lady additionally acquired a further sentence of three years and eleven months in one other cash laundering case involving at the least 140 million kroner (€19m).

She shall be completely deported from Denmark after serving her whole eight-year sentence, in response to a police statement.

According to the Ritzau information company, the girl — who had lived in Denmark since 2001 — had laundered the cash from 2008 to 2016 by restricted partnerships that had accounts at Danske Bank’s former Estonian department.

She can be reported to have helped Russian and Baltic businessmen conceal the origin of their belongings.

“This is the largest amount we have seen in a money laundering case in a Danish court,” stated particular prosecutor Lisette Jørgensen.

According to the prosecution, two different defendants on trial are a 49-year-old lady of Russian origin — who was extradited from the UK in December 2021 — and a 56-year-old Lithuanian man residing in Denmark.

Danske Bank — Denmark’s largest — is individually being investigated by authorities in several countries over its position within the laundering of greater than €200 billion euros in suspicious transactions by the identical department in Estonia.



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