Singapore ex-banker convicted in 1MDB Malaysia fund case
{{#rendered}} {{/rendered}}A court in Singapore has found a former private banker guilty of trying to obstruct investigations linked to the indebted Malaysian State Fund 1MDB.
The State Court on Wednesday found Yeo Jiawei, a former wealth planner at Swiss private bank BSI, guilty of four charges relating to obstructing, preventing or perverting the course of justice.
Yeo denied involvement in the case.
{{#rendered}} {{/rendered}}Singapore ordered BSI to stop operating in the city in May due to violations of anti-money laundering requirements, among other problems.
Investigators in Singapore, Switzerland, Hong Kong and the U.S. have been probing allegations that people close to Malaysian Prime Minister Najib Razak stole over $1 billion from 1MDB, or 1Malaysia Development Bhd.
In February, Singapore authorities said they had seized a large number of bank accounts in probe.