Yeo Jiawei

Singapore says arrest warrant for Jho Low issued two years ago

SINGAPORE (June 8): Singapore authorities said they issued warrants of arrest for Low Taek Jho and Eric Tan Kim Loong back in April and May 2016, following investigations of 1MDB-related fund flows through the financial system here that began in March 2015.

However, as Low and Tan cannot be located here in Singapore, local law enforcement agencies have also sought help from Interpol. The relevant so-called “Red Notices” were published back in October 2016.

MAS issues prohibition orders against Yeo Jiawei, Kevin Scully on 1MDB-related breaches

SINGAPORE (Dec 19): The Monetary Authority of Singapore (MAS) has slapped ex-BSI banker Yeo Jiawei and former NRA Capital CEO Kevin Scully with prohibition orders (POs) on breaches related to the 1Malaysia Development Bhd (1MDB) scandal.

See: How 1MDB cheats skimmed millions of dollars in ‘secret profits’

MAS issued a lifetime PO against Yeo, and a 3-year PO against Scully. Both POs took effect from Dec 18, 2017.

MAS issues Prohibition Orders against individuals in 1MDB-linked breaches; Yeo Jiawei gets life ban

SINGAPORE (Nov 1): The Monetary Authority of Singapore has served notice of its intention to issue a permanent Prohibition Order (PO) against Yeo Jiawei.

Yeo, a former wealth manager of BSI Bank, had been investigated by the Commercial Affairs Department (CAD) on 1MDB-related matters.

This comes as MAS issued six-year POs against Ang Wee Keng Kelvin and Lee Chee Waiy from Monday.

Yeo was a representative of BSI Bank from Nov 2010 to July 2014.

How 1MDB cheats skimmed millions of dollars in ‘secret profits’

SINGAPORE (July 14): Malaysian businessman Low Taek Jho, better known as Jho Low, was “closely involved” in a scheme to skim millions of dollars in secret profits through a restructuring of 1Malaysia Development Bhd’s (1MDB) interest in PetroSaudi Oil Services Limited (PSOSL), according to state prosecutors.

How Jho Low lied to banks to siphon 1MDB money into Good Star

SINGAPORE (July 13): Singapore’s investigations into the money laundering activities of Yeo Jiawei revealed how Low Taek Jho misled banks with one falsehood after another into siphoning out money belonging to 1Malaysia Development Bhd.

See: Yeo Jiawei to assist CAD investigations on 1MDB, disgorge profits from money laundering and cheating charges

Malaysia's 1MDB fund a ‘victim’ of Jho Low, Singapore says

SINGAPORE (July 12): Prosecutors in Singapore said Malaysian financier Low Taek Jho is the central figure in probes linked to 1Malaysia Development Bhd., and that he used money traceable to the state fund for his own benefit.

Low received “huge” sums of money, the prosecutors said in court filings made public on Wednesday. About US$1 billion ($1.4 billion) that 1MDB was purported to invest in a joint venture with PetroSaudi International was diverted to a bank account beneficially owned by Low, according to the filings.

Yeo Jiawei to assist CAD investigations on 1MDB, disgorge profits from money laundering and cheating charges

SINGAPORE (July 12): Ex-BSI wealth planner Yeo Jiawei has volunteered to assist the Commercial Affairs Department (CAD) in its investigations into 1Malaysia Development Bhd (1MDB).

“The assistance that the accused will be providing would not be unexceptional,” says deputy public prosecutor Nathaniel Khng. “As a member of Jho Low’s circle of associates, the accused is in a unique position to assist CAD in its investigation.”

Malaysian businessman Low Taek Jho, better known as Jho Low, is the alleged mastermind behind the 1MDB scandal.

1MDB-linked Yeo Jiawei expected to plead guilty to money-laundering charges

SINGAPORE (July 11): Ex-BSI wealth planner Yeo Jiawei is expected to plead guilty on Wednesday to money-laundering charges linked to Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).

Yeo, 34, was already convicted in December last year on four counts of witness tampering. He was sentenced to a total of 30 months’ jail for trying to hamper investigations related to 1MDB fund flows.

Former remisier Kelvin Ang fined $9,000 in fifth 1MDB-related conviction

SINGAPORE (May 24): Kelvin Ang Wee Keng, a former remisier with Maybank Kim Eng, has become the fifth person convicted in Singapore for roles related to fund transfers linked to 1Malaysia Development Berhad (1MDB).

Ang, 35, pleaded guilty in court this afternoon for bribing research analyst Jacky Lee Chee Waiy with $3,000 to speed up the preparation of a valuation report needed to support the acquisition of PetroSaudi Oil Services Limited (PSOSL).

Ex-remisier Kelvin Ang fifth to be convicted in 1MDB-related probe

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.

Be informed of the stories that matter