SINGAPORE (Feb 5): A Singapore private banker caught up in a probe related to a troubled Malaysian government fund has denied any wrongdoing.

Yak Yew Chee, who since 2009 has worked at BSI Bank, a unit of Grupo BTG Pactual SA, made the claim in court documents released Friday. Yak said he didn’t get any unlawful benefits from managing the accounts of 1Malaysia Development Bhd., Abu Dhabi’s Aabar Investments PJSC and Malaysian financier Low Taek Jho, according to a declaration he made to the bank on April 27, 2015 and reproduced in the court papers.

Yak, who wasn’t in court for Friday’s hearing, was seeking to transfer $1.76 million from his overseas bank accounts to pay his taxes and legal fees as well as unfreeze his funds in Singapore.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook