SINGAPORE (May 24): Kelvin Ang Wee Keng, a former remisier with Maybank Kim Eng, on Wednesday became the fifth person convicted in Singapore in connection to an ongoing probe involving 1Malaysia Development Berhad (1MDB).

The 35-year-old Singaporean was fined $9,000 by District Judge Lim Keng Yeow. Prosecution had called for Ang to be slapped with a fine of $10,000.

Ang pleaded guilty to bribing a research analyst with $3,000 to speed up the preparation of a valuation report needed to support the acquisition of PetroSaudi Oil Services.

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