The Falcon Private Bank's headquarters in Zurich. - Reuters
SINGAPORE: Singapore authorities have charged Falcon Private Bank’s former Singapore branch manager, Swiss national Jens Sturzenegger, with 16 offences relating to Singapore’s probe into Malaysian state fund, 1Malaysia Development Bhd (1MDB).
Sturzenegger, 42, is expected to plead guilty on Jan 11, it was disclosed in a Singapore court yesterday. Representing Sturzenegger, Tan Hee Joek of the law firm of Tan See Swan & Co told The Straits Times yesterday that his client intends to plead guilty to some of the charges.
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