Browder Files Criminal Complaint Against Swedbank for Laundering

Bill Browder, the investor who’s made a career of chasing money launderers, has filed a criminal complaint against Sweden’s oldest bank.

The Hermitage Capital Management co-founder alleges that Swedbank AB handled $176 million connected to the death of Sergei Magnitsky. Sweden’s Economic Crime Authority has confirmed receipt of the complaint, which is dated March 4. The allegations follow separate claims that tie Swedbank to almost $6 billion in suspicious transactions.

Browder alleges that for years, criminals from the former Soviet Union turned to the Baltic units of Nordic banks to launder their money, enabling them to pay for Western luxuries ...