March 2, 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 […]

Singapore’s NRA Capital emerges as valuer of 1MDB’s Cayman investments

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By Anita Gabriel From The Business Times Singapore – Singapore’s boutique finance house NRA Capital was roped in to value 1Malaysia Development Berhad’s US$2.318 billion (S$3.15 billion) controversial Cayman Islands investment by fund manager Bridge Capital Partners. This was disclosed in the Hansard transcripts on the hearings of Malaysia’s Public Accounts Committee with Deloitte, the […]