Ex-BSI Banker Yeo Jiawei Convicted
Yeo Jiawei, a former banker at BSI SA was convicted of obstructing justice in singapore’s probe linked to 1Malaysia Development Bhd. Prosecutors have claimed that he tried to tamper with witnesses to hide his illicit wealth and downplay his ties with Malaysian financier Low Taek Jho. He is the third former BSI banker found guilty in Singapore’s 1MDB related probes.
Yeo is also facing money laundering charges, but these will be dealt in trial scheduled for April.
News Source: Bloomberg
BSI is the oldest bank in the Swiss canton of Ticino. Founded in 1873 as the Banca della Svizzera Italiana, today BSI is an institution that specialises in asset management and related services for private and institutional clients.
- Origin : Lugano, Switzerland
- Assets : CHF 21 billion
- Revenue : CHF 816 million
- Employees : 1,900
Official Website: www.bsibank.com
News & Media: Press Release
Updated on 15th August 2016