Sweden Herald - Latest Sweden News | Inherited a million kronor - doesn't get a penny by Sweden Herald

Inherited a million kronor - doesn't get a penny | Sweden Herald

Over a million kronor in cash were found in moving boxes after the parents' deaths. But the heir, a man living in Upplands Väsby, outside Stockholm, doesn't look like he'll get a single penny, according to Mitt i.

The Swedish Central Bank can redeem old, invalid Swedish banknotes. In this case, the Swedish Central Bank says no. It is not possible to prove that the cash did not originate in criminal activity, even if there are no suspicions. Therefore, the person applying for redemption must be able to explain the origin of the money and present supporting documentation, says Tomas Lundberg, the Swedish Central Bank's press officer, to Mitt i. The man appealed the decision to the Administrative Court, which rejected it, saying: "Essential information is missing about the origin and acquisition of the banknotes."

Read more: https://swedenherald.com/article/inherited-a-million-kronor-doesnt-get-a-penny

#swedennews #swedishcentralbank #stockholm #administrativecourt