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Ex-CEO of Swiss bank Falcon acquitted in money laundering trial

A court acquitted the former chief executive of a Swiss private bank but fined the now-defunct lender 3.5 million Swiss francs (S$5.2 million) on Wednesday (Dec 15) for helping a Gulf businessman launder money to buy luxury property and cars. Mr Eduardo Leemann, 65, had denied prosecutors' allegations that as…

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Click here to read the full story: The Straits Times

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