Friday 22 April 2016

Singapore is first country to charge a person following its 1MDB probe

Our prayers have been answered:



excerpts:

'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 charge made no mention of 1Malaysia Development Bhd., they stemmed from investigations into the fund’s money flows, the people said. Singapore’s Attorney-General’s Chambers on Friday confirmed Yeo’s identity and the charge' 

Read in full at Bloomberg here.

Read here to find out what investigations are being done in each country related to 1MDB:


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