Further Charges for Ex-BSI Banker

BSI Bank

BSI Bank

At a court hearing authorities in Singapore have issued further charges against the former BSI private banker entangled in the widening investigation related to the Malaysian wealth fund 1MDB.

The former banker Yeo Jiawei was charged with cheating BSI by dishonest concealment, transferring $500k, which represented his benefit from cheating and perverting the course of justice. The latest charges now mean the total issued against him are up to six.

Prosecutors in the city had already accused him of attempting to pervert the course of justice, cheating his former employer and money laundering in previous charges, the first of which was brought on April 16.

Illicit Monies

A report in Singapore publication The Straits Times highlighted the prosecution's assertion of Yeo's importance to their case, claiming that he had received secret profits of at least $4 million. He also took «extraordinary steps to cover his involvement» and disguise the flows of illicit monies to himself and his family members, the second solicitor-general, said at the hearing.

Yeo has been remanded in custody until May 12.

 

 

 

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