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Danske Bank investors seek $475 million in damages over money laundering scandal

Danske Bank investors seek $475 million in damages over money laundering scandal
FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo *** Local Caption *** Jacob Gronholt-Pedersen   -   Copyright  Jacob Gronholt-Pedersen(Reuters)
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COPENHAGEN (Reuters) – Two U.S. law firms have filed a lawsuit on behalf of institutional investors against Danske Bank over a 200 billion euro (171 billion pounds) money laundering scandal.

Shareholder law firms Grant & Eisenhofer P.A. and DRRT filed the lawsuit in Copenhagen on behalf of investors from 19 countries, “asserting fraud claims stemming from a massive Russian money-laundering scheme and multi-year cover-up by Denmark’s largest bank and its senior leadership.”

The group seeks $475 million (358.1 million pounds) in damages, Grant & Eisenhofer said in a statement dated March 18.

Danske Bank was not immediately available for a comment

(Reporting by Stine Jacobsen, editing by Louise Heavens)

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