Singapore gives toughest sentence yet in 1MDB probe

A former wealth planner was sentenced with 30-month jail term.

According to Bloomberg, Yeo Jiawei, a former wealth planner at Swiss bank BSI SA, was given a 30-month jail term, the longest sentence yet handed down by the courts in Singapore’s probes linked to 1Malaysia Development Bhd.

Yeo, 34, is the third former BSI banker to be found guilty in the city’s 1MDB-related investigations. Yak Yew Chee is serving an 18-week jail term and was fined after being convicted in November of forging documents and failing to disclose suspicious transactions allegedly related to Malaysian financier Low Taek Jho. Another banker, Yvonne Seah Yew Foong, was jailed for two weeks and fined on Dec. 16 for similar offenses. In Yeo’s case, the prosecution had asked for a 36-month sentence.

Read full story here.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia