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Swedish Appeals Court Overturns Guilty Verdict, Acquits Ex-Swedbank CEO in Money Laundering Case
A Swedish court has acquitted Birgitte Bonnesen, former CEO of Swedbank, overturning a prior guilty verdict related to the bank's anti-money laundering efforts. The lower court had sentenced her to 15 months in prison. This decision resolves the legal proceedings against her.
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STOCKHOLM - A court in Sweden acquitted former Swedbank CEO Birgitte Bonnesen over her handling of the bank's anti-money laundering work, Reuters reported. The acquittal decision overturns a guilty verdict issued by a lower court, which had sentenced Bonnesen to 15 months in prison.
The case centered on Birgitte Bonnesen's actions related to Swedbank's measures against money laundering, according to Reuters.
The acquittal marks the resolution of the legal proceedings against Birgitte Bonnesen, Reuters reported.
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