Swiss AG initiates criminal proceedings on Falcon Bank over 1MDB

Modified 12 Oct 2016, 11:12 am

Switzerland's Office of the Attorney-General (OAG) has initiated criminal proceedings against Falcon Private Bank for failing to prevent offences related to 1MDB.

"The decision to open proceedings is based on information revealed by investigations in the 1MDB case and on issues raised in the decision of the Finma (Swiss Financial Market Supervisory Authority) from early October 2016.

Share this story


By posting a comment, you agree to our Terms & Conditions as stipulated in full here


Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.


Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.