A man in Upplands Väsby, Sweden, has been denied access to an inheritance of over 1 million kronor in cash after the Swedish central bank, Riksbanken, refused to exchange the old banknotes. According to reports from Expressen and Aftonbladet, the man inherited 1,078,600 kronor in cash from his deceased parents, who reportedly used only cash in their daily lives.
The man discovered bundles of banknotes stored in moving boxes in the attic, but the notes were old and no longer valid. While Riksbanken can normally exchange invalid banknotes and coins under special circumstances, in this case the bank refused. Riksbanken's press chief Tomas Lundberg stated that the applicant must be able to explain where the money comes from and present evidence for it, and in this case, it could not be proven that the money did not come from criminal activity or crime.
the applicant must be able to explain where the money comes from and present evidence for it, and in this case, it could not be proven that the money did not come from criminal activity or crime.
The man claimed the money came from property sales, but his appeal to the administrative court was rejected. The court reportedly stated that 'essential information is missing about the origin and acquisition of the banknotes.' The man has appealed the decision, but so far has been unable to access the inheritance.
essential information is missing about the origin and acquisition of the banknotes.