Sweden – closed criminal investigation into alleged Russian funds transfers

Press reporting of a civil dispute between Sweden’s SEB Bank and certain Russian customers associated with Olga Pavlova, the Vice-Chair of Gazprom, and relating to attempts to transfer SEK 60 million, has revealed that the same transfers had been the subject of now-concluded a preliminary criminal investigation in Sweden.

It is unclear when the investigation took place, or the basis for the conclusion that no crime had been committed.

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