Danske chairman to step down after money laundering scandal


Denmark

COPENHAGEN: The main shareholder in Danske Bank A/S just made clear it won’t stand by and watch the chairman muddle through the lender’s biggest crisis in a century.

As Danske finds itself at the centre of one of Europe’s worst-ever money laundering scandals, AP Moller Holding A/S used its roughly 20% stake in the bank to force chairman Ole Andersen out.

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Business , Danske , chairman , money

   

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