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CRIME

Ex-CEO of Swedish bank to face trial over money-laundering scandal

The sacked CEO of Swedish banking giant Swedbank is set to face trial on fraud and market manipulation charges.

Ex-CEO of Swedish bank to face trial over money-laundering scandal
Former Swedbank CEO Birgitte Bonnesen, here pictured in 2019, denies the allegations. Photo: Janerik Henriksson/TT

Birgitte Bonnesen was fired in 2019 following allegations that the bank engaged in money-laundering in the Baltic state of Estonia.

Authorities believe Bonnesen attempted to cover up money-laundering by the bank in Sweden by diffusing “intentionally or by aggravated negligence (…) false information about the bank’s measures to prevent, detect, block and signal suspicions about money-laundering in (its) operations,” the prosecutor in charge of the investigation, Thomas Langrot, said in a statement.

In 2019, a documentary made by an investigative news programme for Swedish broadcaster SVT alleged that at least 40 billion kronor ($4.4 billion) of suspicious transactions had been channelled to Baltic countries from Swedbank accounts.

Bonnesen’s position as Swedbank’s chief executive became untenable following the allegations and she was fired.

Sweden’s financial regulator the following year fined the bank some 360 million euros and warned it to follow anti-money-laundering laws.

Bonnesen’s lawyer said she denies all of the charges against her.

The aggravated fraud charge carries a jail term of up to six years.

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HEALTH

Swedish opposition proposes ‘rapid tests for ADHD’ to cut gang crime

The Moderate Party in Stockholm has called for children in so called "vulnerable areas" to be given rapid tests for ADHD to increase treatment and cut gang crime.

Swedish opposition proposes 'rapid tests for ADHD' to cut gang crime

In a press release, the party proposed that treating more children in troubled city areas would help prevent gang crime, given that “people with ADHD diagnoses are “significantly over-represented in the country’s jails”. 

The idea is that children in so-called “vulnerable areas”, which in Sweden normally have a high majority of first and second-generation generation immigrants, will be given “simpler, voluntary tests”, which would screen for ADHD, with those suspected of having the neuropsychiatric disorder then put forward for proper evaluations to be given by a child psychiatrist. 

“The quicker you can put in place measures, the better the outcomes,” says Irene Svenonius, the party’s leader in the municipality, of ADHD treatment, claiming that children in Sweden with an immigrant background were less likely to be medicated for ADHD than other children in Sweden. 

In the press release, the party said that there were “significant differences in the diagnosis and treatment of ADHD within Stockholm country”, with Swedish-born children receiving diagnosis and treatment to a higher extent, and with ADHD “with the greatest probability” underdiagnosed in vulnerable areas. 

At a press conference, the party’s justice spokesman Johan Forsell, said that identifying children with ADHD in this areas would help fight gang crime. 

“We need to find these children, and that is going to help prevent crime,” he said. 

Sweden’s climate minister Annika Strandhäll accused the Moderates of wanting to “medicate away criminality”. 

Lotta Häyrynen, editor of the trade union-backed comment site Nya Mitten, pointed out that the Moderates’s claim to want to help children with neuropsychiatric diagnoses in vulnerable areas would be more credible if they had not closed down seven child and youth psychiatry units. 

The Moderate Party MP and debater Hanif Bali complained about the opposition from left-wing commentators and politicians.

“My spontaneous guess would have been that the Left would have thought it was enormously unjust that three times so many immigrant children are not getting a diagnosis or treatment compared to pure-Swedish children,” he said. “Their hate for the Right is stronger than their care for the children. 

Swedish vocab: brottsförebyggande – preventative of crime 

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