Former Falcon Bank branch manager Jens Sturzenegger jailed, fined for 1MDB-linked offences

SINGAPORE (Jan 11): Jens Fred Sturzenegger, former branch manager of Falcon Private Bank’s Singapore office, has been sentenced to 28 weeks’ jail and fined $128,000 for offences related to the on-going probe into 1 Malaysia Development Berhad (1MDB).

He was convicted on six charges: two for failing to report suspicious financial transactions, and four other charges for lying to investigators and regulators.

Sturzenegger was pressed with 10 other charges last week, which were taken into consideration in the sentencing on Wednesday.

---

Related Stories

• A rebuttal to Leslie Lopez’s allegation of a political conspiracy and his claim about being the first to expose 1MDB
• 1MDB fugitive Jho Low must forfeit mum’s trio of ‘flawless’ diamonds
• Briefs: Yen poised for big swings; London Metal Exchange looks to set up warehouse in HK; Amazon hits US$2 tril in value

---