January 05, 2017 BY Valentina Kirilova

Former Falcon bank Singapore head charged over multibillion dollar 1MDB scandal

A Swiss bank executive in Singapore has become the first western national to face criminal prosecution over the suspected looting of billions of dollars from Malaysia’s 1MDB state investment fund, Financial Times reported earlier today. Jens Sturzenegger, former head of Falcon Private Bank’s Singapore branch, will plead guilty to some of a 16-count charge sheet…

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