http://www.straitstimes.com/business/banking/trial-of-ex-bsi-banker-yeo-jiawei-on-4-charges-kicks-off-in-singapore-first-in
SINGAPORE - prosecution will call nine witnesses against BSI banker Yeo Jiawei
SINGAPORE - prosecution will call nine witnesses against BSI banker Yeo Jiawei
first person to be tried for key role in massive money laundering linked to 1MDB
DPP Tan Kiat Pheng called trial "most complex, sophisticated and largest money laundering case handled by CAD (Commercial Affairs Division)"
DPP Tan Kiat Pheng called trial "most complex, sophisticated and largest money laundering case handled by CAD (Commercial Affairs Division)"
staggering amounts of moneys across jurisdictions over several years
Yeo, 33 facilitated illicit transactions involving 1MDB
Yeo, 33 facilitated illicit transactions involving 1MDB
led to shutdown of BSI
faces 11 charges: money laundering, cheating, forgery, obstruction of justice.
prosecution proceeding on four charges
prosecution proceeding on four charges
remaining seven charges: cheating, money laundering, forgery to be stood down.
District Judge Ng Peng Hong presiding, to run until Nov 11
District Judge Ng Peng Hong presiding, to run until Nov 11
prosecution opening statement : Yeo amassed RM72m
Yeo central role in laundering large sums of money
Yeo and Kevin Swampillai involved where fees would be shared
between BSI and Samuel Goh Sze-Wei an associate of Yeo's.
Yeo arranged for Bridgerock Investment and GTB Investment
Yeo arranged for Bridgerock Investment and GTB Investment
beneficially owned by Yeo and Swampillai respectively
to receive significant portion of fees for their own benefit
Bridgeock and GTB subject of investigations by CAD in March
Yeo first interviewed by CAD on Oct 6, 2015, arrested on March 17, 2016.
Yeo released, conditions dont commit offence; dont interfere with witness.
following release, Yeo took active steps to pervert justice.
he met and contacted key witnesses, hope of suppressing evidence
pertaining to his own illicit schemes and activities," DPP Tan said.
March 27 Yeo arranged for Swampillai, Goh, himself to have a meeting
March 27 Yeo arranged for Swampillai, Goh, himself to have a meeting
Yeo, Goh and Swampillai discussed CAD investigations
Yeo told them to lie to CAD that funds were Goh's investments.
After BSI, Yeo continue involved illicit transactions in money laundering case
After BSI, Yeo continue involved illicit transactions in money laundering case
Some transactions conducted through Amicorp Group
Jose Renato Carvalho Pinto and Mun Enci Aloysius were Amicorp employees
Yeo worried CAD would interview them.
March 2016, Yeo contacted Carvalho using "Telegram" text message
March 2016, Yeo contacted Carvalho using "Telegram" text message
Yeo told Carvalho to dispose of his Amicorp laptop
Yeo told Carvalho not to travel to Singapore, to avoid interviewed by CAD.
in March Yeo also used "Telegram" to instruct Carvalho to tell Aloysius to inform CAD he did not know of Yeo's dealings with Amicorp
two other BSI employees also facing charges.
in March Yeo also used "Telegram" to instruct Carvalho to tell Aloysius to inform CAD he did not know of Yeo's dealings with Amicorp
two other BSI employees also facing charges.
Oct 10, Yak Yew Chee, Yvonne Seah charged with suspicious transfers for Jho Low.
Kelvin Ang, broker with Maybank also charged.
Kelvin Ang, broker with Maybank also charged.
He paid research analyst to produce favourable valuation on 1MDB assets.
Ang's pre-trial on Nov 17.
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