SINGAPORE (Nov 11): Former BSI private banker Yak Yew Chee on Friday pleaded guilty to two charges of forgery and another two charges of failing to disclose information to the authorities on suspicious banking activities involving 1MDB mastermind Low Taek Jho.

Yak, a 57-year-old Singaporean, was sentenced to a total of 18 weeks jail and fined $24,000 for the offences.

The maximum punishment for forgery in Singapore is imprisonment of up to four years, and a fine, or both. Failing to disclose suspicion is punishable with a fine not exceeding $20,000.

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