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

1MDB: Ex-BS1 banker linked to Malaysian sovereign fund amassed wealth

Posted on 23 November 2016

Yeo Jiawei, a former BSI banker had amassed S$26m ($14.7m) in the 15 months after he left the Swiss private bank in Singapore, a court was told on Tuesday (22 November). Prior to that, Yeo’s net worth was only S$2m.
Prosecutors claim that the wealth Yeo had amassed came through funds earned via “illicit means” and the “taking of secret profits” in transactions linked to the Malaysian state fund 1Malaysia Development Berhad (1MDB)………………………………………Full Article: Source


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