SINGAPORE – A Singapore court jailed a former wealth manager of Swiss bank BSI for four and a half years on Wednesday for money laundering and cheating in a case linked to an investigation involving
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Singapore slaps fines on Credit Suisse and UOB in money laundering probe of Malaysian development fund
Singapore’s central bank has fined Credit Suisse and United Overseas Bank (UOB) for breaches relating to the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), it said in a statement on Tuesday The Monetary
Read moreChinese deals in Malaysia under scrutiny
China’s growing involvement in Malaysia has been praised and panned in recent years. The Sunday Times looks at how its widening presence is drawing increasing attention in the first of a two-part series. Tomorrow, why
Read moreEx-BSI banker Yeo Jiawei jailed 30 months for witness tampering in 1MDB investigation
SINGAPORE: Former BSI banker Yeo Jiawei was sentenced to 30 months’ jail on Thursday (Dec 22), for tampering with key witnesses in the money laundering investigation linked to Malaysian state fund 1Malaysia Development Berhad (1MDB). He
Read moreBanker in 1MDB case worked with Malaysian PM’s friend: witness
[SINGAPORE] A private banker on trial in Singapore for his alleged role in Malaysia’s 1MDB fund scandal worked closely with a friend of Malaysian Prime Minister Najib Razak, a court heard Tuesday. A prosecution witness
Read moreSingapore orders bank closure and fines over 1MDB links
The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching anti-money laundering controls. The action follows an investigation into money flows linked to the Malaysian
Read moreMalaysia 1MDB investigation: US seeks to seize $1bn in assets
The US Justice Department is looking to seize more than $1bn (£761m) in assets as part of its investigation into Malaysia’s state fund 1MDB. Lawsuits filed in Los Angeles by the Justice Department allege there
Read more1MDB pays coupon for debt after missing two interest payments
KUALA LUMPUR (BLOOMBERG) – Malaysia’s troubled state investment company 1Malaysia Development Bhd paid the coupon on its Islamic debt after missing two payments on other securities earlier. 1MDB undertook the scheduled payment of 143.8 million ringgit
Read moreSingaporean ex-BSI private banker Yeo Jiawei charged amid 1MDB probe
A Singaporean ex-BSI private banker has been charged with receiving benefits from criminal conduct, the Attorney-General’s Chambers (AGC) said on Friday (April 22). Mr Yeo Jiawei, 33, a former wealth planner with the Singapore unit
Read moreMystery deepens over $4.7 billion Malaysia’s 1MDB sent to BVI entity
ABU DHABI/KUALA LUMPUR (REUTERS) – The mystery over who controlled a British Virgin Islands-registered company that received US$3.5 billion (S$4.7 billion) from Malaysia’s scandal-tainted state fund 1MDB deepened on Monday (April 11) when a company
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