Swiss banker Jens Fred Sturzenegger (R) arrives at the state court in Singapore on January 11, 2017.
Sturzenegger was expected to plead guilty to money laundering charges linked to Malaysia's 1MDB corruption scandal. / AFP PHOTO / ROSLAN RAHMAN
Swiss banker Jens Fred Sturzenegger (R) arrives at the state court in Singapore on January 11, 2017. Sturzenegger was expected to plead guilty to money laundering charges linked to Malaysia's 1MDB corruption scandal. / AFP PHOTO / ROSLAN RAHMAN

Singapore jails Swiss banker over 1MDB scandal

January 11, 2017 4:03 PM (UTC+8)

A Singaporean court jailed the former branch manager of Falcon Private Bank Jens Sturzenegger for 28 weeks and fined him S$128,000 (US$89,100) on charges arising from a probe into suspicious fund flows linked to Malaysian state investment fund 1MDB, Bloomberg reported.

In sentencing the Swiss banker, the judge said Sturzenegger engaged in “persistent, deceitful conduct in lying” to the authorities, Bloomberg said.

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