05-01-2017 06:53 via uk.news.yahoo.com

Singapore files 16 charges against Falcon branch manager amid 1MDB-linked probe

By Fathin Ungku SINGAPORE (Reuters) - Singapore prosecutors on Thursday filed 16 charges against the local branch manager of Swiss-based Falcon Private Bank AG, as part of an ongoing investigation tied to scandal-hit state investment fund 1Malaysia Development Bhd (1MDB) [TERRN.UL]. 1MDB, founded by Malaysia's Prime Minister Najib Razak, is the subject of money laundering investigations in at least six countries, including Switzerland, Singapore and the United States. U.S. investigators traced n
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