Putin, Estonian bank link exposed in Danish media
Copenhagen, Feb. 27: A Danish newspaper said on Tuesday a whistleblower warned the management of Denmark’s biggest bank in 2013 that family members of Russian President Vladimir Putin and Russia’s spy agency were using its Estonian bank branch for money laundering.
Denmark’s Berlingske daily says the leaked internal report indicated that the Danske Bank leadership knew “of far more serious conditions than previously stated.”
The paper adds that Danske Bank in 2013 shut down 20 Russian customer accounts following a whistleblower report alleging that its Estonian branch possibly had been involved in illegal activity. The clients’ identities were kept secret at the time. The paper shared details of the scheme with the Organized Crime and Corruption Reporting Project, a group of anticorruption reporters, and Britain’s Guardian newspaper. The Guardian said that a different group of firms, mostly registered in London, were involved, including Lantana Trade LLP, which had filed “false accounts.”
The British daily said the ultimate owners of Lantana and related partnerships were Russians but “their identities were hidden behind a series of offshore management firms based in the Marshall Islands and the Seychelles.”
It was not clear how the investigative reporters connected Putin’s family members and Russia’s Federal Security Service to the transactions.
Danske Bank said it had carried out “a thorough investigation to get to the bottom of the events at that time in our Estonian branch,” adding it had no comments “until the investigation has ( been) finalised.” “Furthermore, we are unable to comment on specific customers, but the entire portfolio in question ( non- residents) has been closed down,” the bank said.
DANSKE BANK in 2013 shut down 20 Russian customer accounts following a whistleblower report alleging that its Estonian branch possibly had been involved in illegal activity. It was not clear how the investigative reporters connected Putin’s family members to the transactions.