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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

1MDB scandal: Ex-BSI banker bought $1.36m Mayweather-Pacquiao Las Vegas fight tickets

Posted on 09 November 2016

As the Singapore court case probing the 1Malaysia Development Berhad (1MDB) sovereign fund scandal unfolds, a former BSI banker has beeen accused of siphoning off millions from the state fund through bank accounts setup for several shell companies.
Yeo Jiawei is facing four counts of obstructing justice in Singapore by allegedly urging witnesses to lie to police and destroy evidence while out on bail after his arrest on 17 March 2016 in connection with money laundering involving the state fund. He faces seven other counts involving cheating, money laundering and forgery, which will be heard in 2017…………………………………….Full Article: Source


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