Ex-Falcon Bank Manager Charged in Singapore
Singapore has charged the ex-Falcon bank manager in 1MDB linked case. Jens Sturzenegger now faces 16 charges including failing to report to authorities with regards to inflows of $1.27 billion into two bank accounts.
Sturzenegger who is out on bail is also accused of providing false information to authorities that he did not know Low Taek Jho. the Malaysian financier involved in 1MDB.
News Source: Bloomberg
About Falcon Private Bank
Falcon Private Bank is a Swiss private banking boutique with 50 years of expertise in wealth management. Founded in1965 as Ueberseebank, the bank was renamed AIG Private Bank in 1998. Following the change of ownership, the name Falcon Private Bank was launched in 2009 – owned by International Petroleum Investment Company (IPIC), one of the world’s leading sovereign wealth funds from Abu Dhabi. Falcon Private Bank provides services to private clients and wealthy families from its headquarters in Zurich, and its branches and representative offices in London, Singapore, Abu Dhabi, and Dubai.
- Origin : Zurich, Switzerland
- Assets : CHF 3.47 billion (2014)
- Revenue : –
- Employees : approx 300 (2014)
Official Website: www.falconpb.com
News & Media: Press Release
Updated on 8th August 2016