Singapore Charges Ex-Falcon Bank Manager in 1MDB-Linked Case
- Jens Sturzenegger is fifth person charged in city’s probes
- Falcon Private Bank ordered to close in Singapore in October
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Singapore prosecutors charged a former branch manager of Falcon Private Bank Ltd., the fifth person to be indicted in the city-state’s probe linked to a scandal-hit Malaysian state investment fund.
Jens Sturzenegger, a Swiss, faces 16 charges including failing to report to the authorities that $1.27 billion of inflows into two bank accounts were suspicious, according to papers filed Thursday in a state court. He intends to plead guilty, his lawyer Tan Hee Joek said in court.