Ex-BSI banker found guilty in 1MDB-related case

Ex-BSI banker found guilty in 1MDB-related case

Singaporean Yeo Jiawei found guilty on four charges of witness tampering, to face trial for seven more charges over money laundering linked to 1MDB scandal next year.

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PETALING JAYA:
Yeo Jiawei, the former Singapore banker who is linked to Malaysian businessman Low Taek Jho, has been found guilty on all four charges of witness tampering in the money-laundering case involving billions of dollars allegedly embezzled from 1MDB, Straits Times Online reported.

In delivering the verdict, Singapore’s district judge Ng Peng Hong ruled that Yeo was “unreliable” and “not credible”.

The trial which began on Oct 31, lasted 12 days, and is the first trial linked to the international probe on the 1MDB scandal.

According to the ST report, Yeo still faces seven other charges related to cheating, money laundering and forgery, but these will be dealt with next year.

Judge Ng will hand down the sentence to Yeo tomorrow.

At the close of his 12-day trial in November, Yeo said his former colleagues and business associates, who became witnesses for the prosecution, were lying to save themselves.

Yeo asked why, despite incriminating themselves while testifying against him, his former boss Kevin Swampillai and former business partner Samuel Goh had not been charged, Channel News Asia reported.

Yeo, 33, had admitted he worked with Low but denied that his earnings were the result of under-the-counter deals.

Yeo was an employee of Swiss-based BSI, working as a wealth planner in the bank between December 2009 and July 2014.

He is the third person to be convicted in Singapore’s 1MDB probe. All three had worked with BSI.

Last week, Yvonne Seah, a former BSI private banker, was sentenced to two weeks’ jail and a fine of S$10,000 (RM31,000) for helping to forge documents and failing to report suspicious transactions, allegedly related to Jho Low.

In November, Yak Yew Chee, was sentenced to 18 weeks jail after pleading guilty for similar offences.

 

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