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Another Singapore Banking Head Rolls - Again Connected to 1MDB!
8 MAR 2016
The high flying Swiss Asia boss of BSI Bank Singapore announced this morning that he had decided the time had come for him to retire.
The announcement came just hours after a local newspaper back in the bank’s home town of Lugano (the Italian speaking region of the confederation) had printed a full expose of BSI bank’s involvement with Jho Low, 1MDB and the money linked to the PetroSaudi joint venture deal in 2009.
BSI has just been bought up by another Swiss private banking concern, EFG, which was the same bank which bought out Falcon Bank’s business in Hong Kong in 2014, once again landing it into 1MDB’s extended financial mess.
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