Singapore Charges Ex-Banker Following 1MDB Probe
By
Tony Seruga
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Formal charges among the first to stem from 1MDB probe
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Singapore said in March authorities were reviewing fund flows
Singapore authorities have charged a former private banker with money laundering, following their probe into an embattled Malaysian state investment fund, according to people familiar with the case.
Yeo Jiawei, a former wealth planner at the Singapore arm of Swiss private bank BSI SA, was charged on April 16, said the people. While the charges made no mention of 1Malaysia Development Bhd. or any related entities or individuals, they stemmed from investigations into the fund’s money flows, the people said. Yeo had proposed investment products to 1MDB, and was questioned as part of Singapore’s probe, people familiar had said…
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