Singapore Charges Ex-Banker Following 1MDB Probe
- Formal charges among the first to stem from 1MDB probe
- Singapore said in March authorities were reviewing fund flows
Brokerages Raided in Singapore
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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.