January 26, 2021

1MDB: Ex-BSI banker trial: I never worked for Jho Low, says Yeo Jiawei

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By Grace Leong From Straits Tmes SINGAPORE – Former BSI banker Yeo Jiawei said on Friday (Nov 11) that he had never been employed by Low Taek Jho nor had he ever “received a single cent” from the controversial Malaysian tycoon, better known as Jho Low. Yeo was testifying for the second straight day in […]

Two more former BSI senior bankers charged in Singapore court in 1MDB probe

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From The Straits Times SINGAPORE – Two former employees of Swiss bank BSI were charged in the ongoing money-laundering probe in the scandal-hit 1Malaysia Development Berhad (1MDB). Senior private bankers Yak Yew Chee, 57, and Yvonne Seah Yew Foong, 45, were each charged with three charges of forgery and four charges of failing to report […]

Whatever happened to 1MDB’s Cayman Islands funds?

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By Anil Netto From ALIRAN In the light of the shutting down of Swiss private bank BSI in Singapore, Anil Netto examines what happened to over RM7bn of Malaysian public funds parked in a mysterious high-risk investment fund. In early May, the Financial Times of London carried an in-depth feature on the City of London […]

BSI said to probe bank employees on 1MDB-related dealings

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By Andrea Tan From Bloomberg BSI SA, the Swiss bank embroiled in global probes into 1Malaysia Development Bhd., is investigating employees and their dealings related to the embattled Malaysian state investment fund, according to people familiar with the matter. One of the employees the private bank is investigating in Singapore is Kevin Swampillai, the manager of […]

Former Singapore banker faces additional charges in 1MDB-linked probe

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By Amanda Lee From Today Online, Singapore SINGAPORE — A former wealth planner at Swiss private bank BSI who has been implicated in the 1MDB probe now faces two more charges. Yeo Jiawei, 33, was charged earlier this month with receiving ill-gotten funds, amid global investigations into 1MDB, the Malaysian state investment fund. In court […]

Bob Marley copyrights: decision of the Court of Appeal: What do words mean? Back to basics

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From Eversheds In the case of BSI Enterprises Limited v Blue Mountain Music Limited [2015] EWCA Civ 1151, a music publisher was unable to overturn a 2014 High Court decision regarding the copyright ownership of some Bob Marley songs, including “No Woman No Cry”. It was held by the Court of Appeal that wording used […]

iNews Briefs & Community Events (From BIG FISH 95.5)

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Neil Ross led Junior in high-profile Cayman Island corruption case From Fifteen New Bridge St, Neil Ross has returned from 3 months in the Cayman Islands following the successful prosecution of Canover Watson, the former chairman of the Health Services Authority. The allegation focused on a corruptly obtained contract for IT services worth millions of […]