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Falcon Private Bank AG trial to begin in September - Court must investigate the role of United Arab Emirates in one of the world's biggest financial scandals

·2-min read

DGAP-News: Meister Mandeltree Kommunikation GmbH / Key word(s): Legal Matter
07.06.2021 / 08:18
The issuer is solely responsible for the content of this announcement.

Falcon

Falcon Private Bank AG trial to begin in September - Court must investigate the role of United Arab Emirates in one of the world's biggest financial scandals. Foto: CapturedByAmelia

Falcon Private Bank AG trial to begin in September - Court must investigate the role of United Arab Emirates in one of the world's biggest financial scandals

Bellinzona / Zurich, June 7, 2021 - According to Berlin-based agency Meister Mandeltree Kommunikation, the Swiss Federal Criminal Court has set a date for the trial of one of the world's biggest financial scandals: on September 27, 2021, at 9 a.m., the trial of the former heads of Zurich-based Falcon Private Bank AG will begin in Bellinzona (Canton Ticino). Especially in the United Arab Emirates, the sensational trial will be closely watched. Falcon Private Bank, which Abu Dhabi-based Aabar Investments PJS owned, is linked to billions of dollars in money laundering and fraud and is thus at the center of one of the biggest financial scandals. It also held a 30% stake in the Signa Holding of department store king Rene Benko (Kaufhof, Karstadt, KaDeWe Berlin) before he bought out the Emirates in light of the money-laundering scandal. The accused bankers are said to have looted their bank and the Malaysian state fund 1MDB. The damage is said to amount to six billion USD.

Contact:

Master Mandeltree Communication GmbH
Berlin / Germany
Email: office@mandeltree.de
Phone: +49 30 2359 18680
Web: www.meistermandeltree.de


07.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Meister Mandeltree Kommunikation GmbH

Friedrichstraße 200

10117 Berlin

Germany

Internet:

www.meistermandeltree.de

EQS News ID:

1204700


End of News

DGAP News Service

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