Sweden's economic crime authority announced on Tuesday that the former CEO of Swedish bank Swedbank Birgitte Bonnesen will be tried for "aggravated fraud", two years after revelations of money laundering against the bank.

The ex-CEO is being prosecuted for money laundering and "aggravated market manipulation". According to the authorities, Birgitte Bonnesen tried to cover up money laundering in Estonia by disseminating "intentionally or through gross negligence (...) misleading information about the bank's measures to prevent, detect, prevent and report suspicions of money laundering in (its) operations", explained the prosecutor in charge of the investigation, Thomas Langrot, in a press release. The financial police of Sweden sanctioned Swedbank, inflicting a fine of some 360 million euros accompanied by a warning in the fight against money laundering.