After several condemnations produced in Denmark in 2016, now the Swedish money exchange Loomis AB has started an internal investigation as media reports link the entity with the Russian Laundromat scandal.
The Danish network TV2 reported links between Loomis and the laundering of millions of Euros via Danske Bank and other European financial intuitions on behalf of Russian criminals.
After the reports made by media outlets, share value dropped 8.7%. Nonetheless Loomis CEO Patrik Andersson told media that no evidence was provided by journalist and that as far as he is aware, there is nothing more than rumors there.
Loomis reported to have hired an independent investigations firm to conduct the internal analysis and that so far no contact with regulators has been initiated.
