The authority said in a statement that the former CEO was being charged with gross swindling as the primary count, or with serious market manipulation in the second instance.

Swedbank said last year it would not file claims for damages against its former top executive and board for the fiscal year 2019, when the Swedish banking group came under investigation over money-laundering breaches in the Baltics.

(Reporting by Helena Soderpalm; editing by Niklas Pollard)