Ex-BSI banker granted bail, but prosecution gets stay on bail order

Singapore

FORMER BSI banker Yeo Jiawei, who faces nine charges in an ongoing probe by Singapore regulators into 1Malaysia Development Berhad (1MDB), appeared relieved when the state court granted him bail on Thursday.

Family members and friends who were present in court also looked visibly relieved.

But the feeling proved fleeting. Within minutes of District Court Judge Christopher Goh granting Yeo bail of S$600,000 with one surety or S$300,000 each with two, he also granted the prosecution's request for a stay of the bail order, pending an application at the High Court to challenge the decision to grant bai…