Wednesday, 11 January 2017

1MDB. Another One Bites The Dust

Is the massive hit for Queen taken from the album the game .

In the 1MDB game, another one bites the dust today. Hong Kong's South China Morning Post has the story. Read below :

A Swiss banker was jailed for seven months in Singapore on Wednesday for money laundering and other offences related to a corruption scandal involving neighbouring Malaysia’s state fund 1MDB.

Jens Fred Sturzenegger, 42, who headed the Singapore branch of Swiss lender Falcon Private Bank, was also fined S$128,000 (US$89,000) after he pleaded guilty at a district court, making him the first foreigner linked to the scandal convicted in Singapore.

Three Singaporean private bankers from another Swiss lender, BSI, were jailed last year in relation to the affair.

Among them was Yeo Jiawei, who was sentenced to 30 months in prison for witness tampering and obstructing the 1MDB probe. Other money laundering charges are set for an April trial.

It was revealed during Yeo’s trial that he worked closely with Malaysian financier Low Taek Jho, also known as Jho Low