November 27, 2019 / 8:30 AM / 17 days ago

SEB has not seen evidence of link to Magnitsky affair: CEO

FILE PHOTO: CEO of Swedish banking group SEB Johan Torgeby presents the company's third quarter results during a news conference at the SEB headquaters in Stockholm, Sweden, October 23, 2019. Janerik Henriksson/TT News Agency/via REUTERS

STOCKHOLM (Reuters) - SEB (SEBa.ST) has not found any evidence that any of the companies that were on sanction lists for involvement in a well-known Russian tax-fraud had ever been clients in the bank, SEB (SEBa.ST) CEO Johan Torgeby said on Wednesday.

“We have not seen any evidence that any of the 179 companies on a sanctions list for their connection to the Magnitsky affair has ever been a client of SEB,” Torgeby told Reuters.

Swedish Television reported earlier on Wednesday that it had obtained a list of 194 clients of Swedish bank SEB connected to suspected money laundering in Estonia. SVT said it had found that around 475 million Swedish crowns ($49.35 million) connected to the so-called Magnitsky affair in Russia moved through SEB accounts.

Reporting by Johan Ahlander and Colm Fulton, editing by Louise Heavens

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