Sun, May 22, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Market

BSI bankers charged with 1MDB offences

Posted on 11 October 2016

The Singaporean authorities have charged two senior private bankers at the Singapore branch of Swiss-based BSI bank for alleged fraud and corruption in relation to the ongoing investigation into the 1MDB Malaysian wealth fund. Singapore’s Attorney General has also referred 11 other BSI staff, including senior management, to the public prosecutor to evaluate whether they have broken the country’s laws.
In a statement of Monday, the Attorney General’s office said Yak Yew Chee and Yvonne Seah Yew are each facing seven charges for failing to disclose suspicious transactions to the financial authorities. Another BSI banker, Yeo Jiawei already faces 11 charges in connection to the 1MDB scandal………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031