Swedish Court Sends Ex-CEO of Swedbank to Prison.
(www.occrp.org)
from 101@feddit.org to world@lemmy.world on 11 Sep 2024 02:13
https://feddit.org/post/2742436
from 101@feddit.org to world@lemmy.world on 11 Sep 2024 02:13
https://feddit.org/post/2742436
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Not for long enough. She knowingly let criminals and terrorists launder money through the bank.
So she will have an easier time in prison since they all like her?
That’s not really what this is about, from reading the article. That is, the charges are not for the laundering itself.
Rather, they are for making misleading statements in two interviews that caused investors to over-value the bank, which exposed then to loss.
This particular sentence isn’t aimed at deterring banks from laundering money. I don’t even know if the CEO is personally criminally liable for that. It’s aimed at deterring people running companies from making statements about them that would mislead investors. Important if you want your country to be a desirable place to do investment.
so her fault was fucking with rich people’s money, not doing what caused actual societal harm, got it. see also: martin shkreli