HALISTER1: Singapore Jails Ex-Falcon Bank Exec 28 Weeks in 1MDB-Linked Case

Singapore Jails Ex-Falcon Bank Exec 28 Weeks in 1MDB-Linked Case

(Bloomberg) -- Former Falcon Private Bank branch manager Jens Sturzenegger jailed 28 weeks and fined S$128,000 after conviction by Singapore court on charges arising from probe into suspicious fund flows linked to a Malaysian state investment fund.
  • Sturzenegger, a Swiss national, pleads guilty to six charges
  • Judge says Sturzenegger engaged in ’’persistent, deceitful conduct in lying’’ to authorities
  • Lawyer says Sturzenegger unlikely to appeal
Story Link:NSN OJLTGO6TTDS7
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
181586Z UH (Abu Dhabi Investment Authority)
0206021D MK (1Malaysia Development Bhd)

To de-activate this alert, click here

UUID: 7947283