Hedge Fund Seeks Inquiry Into Russian Money-Laundering at Danish Bank

A Russia-focused hedge fund has asked Danish authorities to investigate their country’s leading bank for allegedly allowing Russian officials to launder millions of dollars stolen over the last decade.

In an application filed on Wednesday, Hermitage Capital, once the biggest Western-backed hedge fund in Russia, claims that Russian criminals and government officials moved $9 billion through a unit of Danske Bank (ticker: DANSKE.Denmark), with at least $18 million ending in a Swiss bank account controlled by Sergey Roldugin,…

... read more at: https://www.barrons.com/articles/hedge-fund-seeks-inquiry-into-russian-money-laundering-at-danish-bank-1531504562