BSI Said to Probe Bank Employees on 1MDB-Related Dealings
- Internal inquiry said to focus on suspended wealth executive
- Bank said to keep central bank informed of its progress
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BSI SA, the Swiss bank embroiled in global probes into 1Malaysia Development Bhd., is investigating employees and their dealings related to the embattled Malaysian state investment fund, according to people familiar with the matter.
One of the employees the private bank is investigating in Singapore is Kevin Swampillai, the manager of the first banker to be charged in the city-state amid investigations stemming from 1MDB, according to the people. Swampillai, the managing director of wealth management services, has been suspended pending investigation, the people said, declining to be named because of the matter’s sensitivity. He hasn’t been accused of any wrongdoing by Singapore authorities.