Singapore has filed 16 charges against the former branch manager of Switzerland's Falcon Private Bank as part of its ongoing probe into the 1Malaysia Development Berhad (1MDB) scandal, marking the second Swiss lender to be embroiled in the scandal-hit state investment fund. Development Bhd The bank said it had charged Mr Tan with money laundering and tax evasion for allegedly helping his Malaysian partner hide assets from authorities.
Singapore has filed 16 charges against the former branch manager of Switzerland's Falcon Private Bank as part of its ongoing probe into the 1Malaysia Development Berhad (1MDB) scandal, marking the second Swiss lender to be embroiled in the scandal-hit state investment fund. The bank said it had charged Mr Tan with money laundering and tax evasion for allegedly helping his Malaysian partner hide assets from authorities.