A Singapore court sentenced a former branch manager of Switzerland’s Falcon Private Bank to prison for crimes connected to the alleged multibillion-dollar misappropriation at a Malaysian state investment fund.[...]
SINGAPORE: A former Falcon Private Bank branch manager was sentenced to 28 weeks jail and a fine of S$128,000 (RM398,100) here after he pleaded guilty to six counts of money laundering rules linked to 1Malaysia Development Berhad (1MDB).
Jens Sturzenegger, a former branch manager at Falcon Private Bank Ltd. in Singapore, became the first foreigner convicted in the city’s probes linked to a Malaysian state investment fund.[...]
A Singapore court finds a former manager at a Swiss private bank guilty of failing to report more than $US1.26 billion in suspicious transactions in a case linked to the indebted Malaysian state fund 1 MDB.[...]
A court in Singapore has handed down a further prison sentence to a former Swiss banker involved in a major scandal over the state ...[...]
A Swiss banker was jailed for seven months in Singapore on Wednesday for money laundering and other offences related to a corruption scandal involving neighbouring Malaysia’s state fund 1MDB....[...]
SINGAPORE — As far back as 2012, former Falcon Private Bank branch manager Jens Fred Sturzenegger knew that Malaysian financier Jho Low — a central figure in the global 1Malaysia Development Berhad (1MDB) money-laundering probe — had been using the identity of Eric Tan as a proxy for the accounts he opened with the bank.
But the Swiss national did nothing about the red flags when the transactions came before him, and feigned ignorance when the white-collar crime cops came knocking on his door. [...]
A Singapore court on Wednesdaysentenced the former local branch manager of Swiss-based FalconPrivate Bank AG to 28 weeks in prison and a fine of S$128,000($89,155.12), in an investigation tied to scandal-hit Malaysianstate investment fund 1MDB.[...]
SINGAPORE: A Swiss banker was jailed for seven months in Singapore on Wednesday for money laundering and other offences related to a corruption scandal involving neighbouring Malaysia’s state fund 1Malaysia Development Bhd (1MDB).[...]