Lithuanian lady jailed for laundering €4 billion in Danish kroner via Danske Financial institution
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 try 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 Metropolis Courtroom on Thursday.
The lady additionally acquired a further sentence of three years and eleven months in one other cash laundering case involving not less than 140 million kroner (€19m).
She can be completely deported from Denmark after serving her complete eight-year sentence, in keeping with a police assertion.
In accordance with the Ritzau information company, the lady — who had lived in Denmark since 2001 — had laundered the cash from 2008 to 2016 via restricted partnerships that had accounts at Danske Financial institution’s former Estonian department.
She can be reported to have helped Russian and Baltic businessmen conceal the origin of their property.
“That is the most important quantity we now have seen in a cash laundering case in a Danish courtroom,” stated particular prosecutor Lisette Jørgensen.
Danske Financial institution is individually being investigated by authorities in a number of nations over its function within the laundering of greater than €200 billion euros in suspicious transactions via the identical department in Estonia.