trending Market Intelligence /marketintelligence/en/news-insights/trending/fmc0iymdq2fcn2pe5cgmbw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Ex-BSI banker gets 30-month sentence in 1MDB probe

South Korean Multichannel Industry To Survive With Right Strategies

South Korean Telcos Drive Next Wave Of Growth Through Home IoT Opportunities

Mining Exploration Insights: Financing Falls To 8-Month Low In October

Taking Advantage of Issuance Trends in 2020


Ex-BSI banker gets 30-month sentence in 1MDB probe

A former BSI SA banker, Yeo Jiawei, was sentenced to 30 months in jail after being convicted by a Singapore court of three charges of obstructing justice in a 1Malaysia Development Bhd. probe, the Financial Times reported Dec. 22.

Yeo was prosecuted for obstructing a broader police investigation involving Jho Low, a Malaysian businessman accused of playing a significant role in 1MDB's money laundering. Prosecutors said Yeo also attempted to conceal his own illicit wealth.

According to the prosecution, Yeo was a link between Low; Mohamed Badawy al-Husseiny, an Abu Dhabi official; and UBS Group AG. U.S. prosecutors have alleged that funds were diverted from 1MDB into accounts owned by al-Husseiny, while the Swiss bank has been fined in Singapore over lapses in anti-money laundering procedures.

Yeo is the third former BSI banker to be convicted in a series of trials linked to 1MDB, and will face money-laundering charges in a separate trial in 2017.