Falcon Bank's ex-branch manager jailed 28 weeks, fined S$128,000

Supporting documents for 1MDB funds flow into Falcon accounts described as "a joke" and "cut-and-paste" job

Published Wed, Jan 11, 2017 · 09:50 PM

Singapore

SWISS national Jens Sturzenegger, the former Singapore branch manager of Falcon Bank, was on Wednesday sentenced to 28 weeks' jail and fined S$128,000 after pleading guilty to six charges linked to the movement of funds from scandal-riddled 1Malaysia Development Berhad (1MDB).

Another 10 charges were taken into consideration for sentencing purposes on Wednesday.

Sturzenegger, 42, was charged a week ago for failing to disclose suspicious transactions totalling some US$1.3 billion and giving false information between July 2015 and October last year that were intended to cause authorities to omit to probe Mr Low Taek Jho's involvement in several bank acco…

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