Two more S’pore private bankers charged in 1MDB saga

AFP, SINGAPORE: Singapore yesterday charged two more former private bankers with forgery and failing to report suspicious transactions in cases linked to a major money-laundering scandal involving Malaysian state fund 1MDB.
Yak Yew Chee and Yvonne Seah were both hit with seven charges -- three for forgery and four for failing to report suspicious transactions, court documents showed.
Both Yak and Seah worked for Swiss private bank BSI, which was kicked out of Singapore in May over "gross misconduct" linked to 1MDB.
Singapore, a regional financial hub, launched a probe into fund flows linked to 1MDB in 2015 and in June this year said they had seized nearly $180 million in assets.
Half of these assets were linked to Low Taek Jho -- known as Jho Low -- a jet-setting Malaysian financier who helped set up 1MDB and played a key role in its financial decisions.

Two more Spore private bankers charged in 1MDB saga

AFP, SINGAPORE: Singapore yesterday charged two more former private bankers with forgery and failing to report suspicious transactions in cases linked to a major money-laundering scandal involving Malaysian state fund 1MDB. Yak Yew Chee and Yvonne Seah were both hit with seven charges -- three for forgery and four for failing to report suspicious transactions, court documents showed. Both Yak and Seah worked for Swiss private bank BSI, which was kicked out of Singapore in May over gross misconduct linked to 1MDB. Singapore, a regional financial hub, launched a probe into fund flows linked to 1MDB in 2015 and in June this year said they had seized nearly $180 million in assets. Half of these assets were linked to Low Taek Jho -- known as Jho Low -- a jet-setting Malaysian financier who helped set up 1MDB and played a key role in its financial decisions.