News

Financial Services

Staff Reporter

, Singapore

Published:

9 years ago

Busted: Singapore charged two former BSI bankers with forgery in 1MDB-linked probe

They can post bail for $35,000 each.

Singapore authorities charged two ex-BSI SA bank employees in a case linked to an embattled Malaysian investment fund at the center of international probes, accusing them of failing to disclose suspicious transactions involving a high-living financier.

Yak Yew Chee, a former private banker for 1Malaysia Development Bhd. and financier Low Taek Jho, faces seven charges including for forgery, according to court papers filed on Monday. Yak’s former subordinate Yvonne Seah Yew Foong was also charged in the same Singapore state court. The two, who didn’t enter any pleas, were allowed bail of S$35,000 ($25,500) each.

Here's more from Bloomberg.

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