Singapore authorities filed charges against two former BSISingapore bankers in relation to ongoing money-laundering into the scandal-hit1Malaysia Development Bhd., or 1MDB.
Yak Yew Chee and Yvonne Seah Yew Foong were each with seven offences offorgery and failure to disclose information on suspicious transactions toauthorities. Yak, a former senior vice president at the unit, the company in March after beinglinked to money laundering allegations.
According to a press release from the attorney-general'schambers, most of the offences filed against the bankers are related to LowTaek Jho's accounts with BSI Singapore.
The Swiss private bank is cooperating with authorities in the investigation.