Former Swedbank CEO Bonnesen Acquitted in Laundering Case (1)

Swedbank AB’s former chief executive officer, Birgitte Bonnesen, was acquitted in a case related to the Swedish lender’s role in one of Europe’s largest money laundering scandals.

Birgitte Bonnesen

Photographer: JANERIK HENRIKSSON/AFP

About $40 billion in suspect funds handled by the bank in the Baltics between 2007 and 2019 had cost Bonnesen her job and landed her in the court.

The prosecutor had demanded at least two years of imprisonment over charges of aggravated fraud, serious market manipulation, and unlawful disclosure of insider information.

On Wednesday, the Stockholm District Court found her not guilty and dismissed all charges, according to a statement ...