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Sweden Today

Swedish news in English

Saturday, November 23, 2024

Swedbank Caught in Russian Espionage Scandal

Published: 2024-05-03

In their explosive new book, "Honungsfällan", journalists Axel Gordh Humlesjö and Lars Berge reveal that Swedbank has been systematically exploited by Russia's FSB intelligence service, posing a significant risk to Sweden's security.

The investigation, following up on the 2019 money laundering scandal, uncovers years of espionage on Swedbank's top executives and attempts by the FSB to infiltrate and blackmail bank employees.

This infiltration is described as a "huge risk" not only to the bank but to the entire country, given Swedbank's pivotal role in Sweden's economy.

The book's release faced delays due to legal and PR pressures, highlighting the contentious nature of its findings.