A Singapore court on Friday jailed a former banker who handled Swiss bank BSI's relationship with state investor 1Malaysia Development Bhd (1MDB) for 18 weeks for forgery and failure to disclose suspicious transactions.
Yak Yew Chee, who worked as a senior vice president at BSI Singapore, was also a private banker for Malaysian businessman Low Taek Jho, who was described by Singapore authorities as a key figure in the money laundering investigation linked to 1MDB.
Founded by Malaysian Prime Minister Najib Razak, who chaired its advisory board, 1MDB is currently the subject of money laundering investigations in at least six countries, including Switzerland, Singapore and the United States.
Najib has denied any wrongdoing and said Malaysia will cooperate with the international investigations.