Danske bank chief resigns over €200bn money laundering scandal
The boss of Denmark’s biggest bank has resigned after admitting that the majority of €200bn flowing through its Estonian branch was money-laundered cash flowing illegally out of Russia, the UK and the British Virgin Islands.
Mr Borgen said it was clear Danske had failed to live up to its responsibilities, which he regretted.
“Even though the investigation conducted by the external law firm concludes that I have lived up to my legal obligations, I believe that it is best for all parties that I resign,” he said.
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