Danske CEO bows out over Dutch ABN money laundering inquiry
20 Apr 2021 / 01:11 H.
The ABN AMRO logo is seen at the group’s headquarters in Amsterdam. – REUTERSPIX
AMSTERDAM/COPENHAGEN: Danske Bank's chief executive Chris Vogelzang, who was hired to help it recover from a multi-billion dollar money laundering scandal, resigned on Monday after Dutch authorities labelled him as a suspect in a separate case at ABN Amro.
Vogelzang said he was quitting after the Dutch prosecution service said it was investigating three former board members at ABN. The Dutch bank also said it had reached a €480 million (RM2.3 billion) settlement over systematic failures to tackle money laundering.