Former head of Danske Bank in Estonia found dead
Source: Financial News
The former head of Danske Bank in Estonia has been found dead after he disappeared from his home on Monday morning.
Local police said they have found the body of Aivar Rehe, who was chief executive of the Danske Bank branch at the centre of a $230bn money-laundering scandal, after a two-day search, according to a report from Estonian public broadcaster ERR. Rehe left the bank in 2015.
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The Danish bank is being investigated in Estonia, the US, Denmark, the UK and France for handling billions of dollars that flowed through its Estonian branch on behalf of non-residents from Russia and other former Soviet states between 2007 and 2015.
In February, the Estonian regulator told Danske to shut a longstanding branch in Tallinn within eight months and repay, in full, the deposits of its customers.
Rehe was not a suspect in the laundering investigations and was not among a group of Estonian bankers detained by police last year. In an interview with local media in March, Rehe said that as the CEO of the Estonian branch he felt “responsible” for the scandal.
Read more: https://www.fnlondon.com/articles/former-head-of-danske-bank-in-estonia-found-dead-20190925
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I thought all the EU countries signed onto their own Magnitsky Act that prohibits laundering or accepting money from Russian oligarchs. If that's the case, then some deep, illegal shit was happening in Estonia. Even so, there still could have been some kind of embezzlement going on and the perp was finally caught.
