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Wealthy Swedes swindled at SEB bank

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Wealthy Swedes swindled at SEB bank
16:08 CEST+02:00
Around 20 well-to-do customers at Swedish bank SEB have been swindled out of more than 50 million kronor ($7.5 million) with at least one employee thought to be involved in the scam.

Seven people, according to TV4 sources, have been detained on suspicion of involvement in the alleged swindle where an employee at the bank is accused of having transferred sums from the wealthy clients' bank accounts to a slew of individuals.

"The affected customers have been informed and, as always in this type of incident, the customers will be fully compensated," the bank declared in a statement.

The firm has taken full responsibility for the breach in procedure and admitted in its the statement that full security is difficult to achieve.

"SEB has a solid and very strict security, but you can never guard completely against criminal behaviour."

As a result the bank thus stands to lose a significant sum of money in the swindle, reported to be in the region of 52 million kronor.

The bank has confirmed that one of its staff has been arrested in connection with the police investigation, but is otherwise unwilling to divulge further information citing confidentiality.

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