Ex-BSI banker Yeo Jiawei, allegedly an accomplice of Malaysian businessman Low Taek Jho, better known as Jho Low, had been found guilty for his role in the most complex, sophisticated and largest money-laundering case involving billions of dollars stolen from 1Malaysia Development Berhad (1MDB).
During the trial, his former boss, Kevin Michael Swampillai, revealed that the pair had pocketed US$5 million (S$7.2 million) apiece in a secret deal they brokered with 1MDB-owned Brazen Sky. Mr Swampillai, former director of wealth management services at BSI, said he and Yeo were hungry for a cut of the US$2.3 billion deal BSI had inked with Brazen Sky and Bridge Partners International Management in 2012.
Singaporean District Judge Ng Peng Hong on Wednesday announced the verdict against Yeo after a 12-day trial, on four counts of attempting to pervert the course of justice. He’s also charged with seven other charges, which include cheating, money laundering and forgery, which wil be dealth with next year.
Sentencing will be at a later date.
Yeo, 33, has repeatedly downplayed his close ties to elusive Malaysian businessman Low Taek Jho, better known as Jho Low, who is also under investigation here and elsewhere over money-laundering claims linked to 1MDB.
The Singaporean had been employed by Swiss-based BSI as a wealth planner here between December 2009 and July 2014. He allegedly amassed S$26mil (RM80.66mil) from various sources, including illicit schemes to defraud BSI while he was an employee.