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A New York pension fund is suing Danske Bank and four of its former executives for concealing its money laundering scandal, resulting in an artificial inflation of the bank’s share price.

The fund is accusing Denmark’s largest bank of defrauding investors by failing to assess $221 bn of suspicious payments while overstating its legitimate profitability and ability to thwart misconduct.

occrp.org/en/27-ccwatch/cc-wat

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