Ex-BSI banker received 'secret profits' of US$4m: prosecutor
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Singapore
FORMER BSI private banker Yeo Jiawei allegedly received "secret profits" of about US$4 million when he was with the Singapore branch of the Swiss private bank, which has been embroiled in the probe into 1Malaysia Development Bhd (1MDB).
Singapore's Second Solicitor-General Kwek Mean Luck said in court on Thursday that Yeo also took extraordinary steps to cover his involvement and "disguise" the flows of illicit monies to himself and his family members. He added that those responsible for the "illicit transactions and flows" have taken extraordinary steps to "conceal their hands".
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