17.10.2016 - Where in the 1MDB scandal is Falcon Bank?
One after another, Swiss prosecutors are putting banks under scrutiny over the 1MDB scandal. On Wednesday Oct 12, the Swiss attorney-general’s office (OAG) announced that it was initiating criminal proceedings against Falcon, after doing the same with BSI on May 23. The Singaporeans had also acted, with the Monetary Authority of Singapore (MAS) ordering Falcon to close its Singapore unit and pay a S$4.3 million (US$3.11 million) fine. In this instalment of KiniGuide, we take a look at Falcon and how it got into so much trouble............................................Full Article: Source
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