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25th May 2019

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Danske Bank bosses sued in US over money-laundering

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An American pension fund on Wednesday sued Danske Bank and four former chief executives at a court in New York for inflating the price of its shares artificially by hiding and failing to stop widespread money-laundering at its Estonian branch. The bank stands accused for being "intentionally less than forthcoming" after a whistleblower alerted Danish regulators to suspected money-laundering, resulting in huge drop in the banks market value.

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