A former employee of a financial institution is facing charges for allegedly laundering millions of kroner, according to the prosecution in a case set to commence Monday at the Court in Hillerød. The case involves five men, including the former employee, and concerns almost 75 million kroner that passed through various accounts in financial institutions between 2019 and 2021.

The prosecution alleges that the former employee assisted in converting or transferring the substantial funds, knowing they were the proceeds of criminal activity. He is accused of creating and permitting the creation of accounts “for cash payments,” despite being aware of the money laundering scheme.

Almost all of the money was transferred to accounts abroad. The indictment mentions accounts at three companies. The amount the employee received for his alleged services is not specified in the indictment.

The court has scheduled 13 sessions to hear testimonies and examine evidence. The defendants have pleaded not guilty.

A verdict is anticipated in November. The trial was initially scheduled for last summer but was postponed due to illness.