Singapore: Ex-BSI banker trial: Yeo Jiawei amassed S$23.9m in just 15 months after leaving BSI, say prosecutors

Author(s): Grace Leong | Date: November 23, 2016 | Language: English
Source: http://www.straitstimes.com/ | URL: https://goo.gl/Ij5c4i | Type: Text

The only way former BSI banker Yeo Jiawei could earn $23.9 million in less than 15 months was by taking “secret profits” linked to a money-laundering scam involving 1Malaysia Development Berhad (1MDB), prosecutors contended yesterday.
The allegations came on the final day of Yeo’s 12-day trial on four charges of obstructing justice. District Judge Ng Peng Hong will deliver the verdict on Dec 21. The prosecution’s cross-examination of Yeo focused on the “illicit” wealth he allegedly accumulated during and after leaving BSI.
Deputy Public Prosecutor Tan Kiat Pheng said to Yeo: “I put it to you that it is quite unbelievable to amass so much – $23.9 million – in just one year and three months, by just acting as an ‘introducer, intermediary, independent consultant or relationship manager’.

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