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Second Singapore banker jailed in Malaysian 1MDB scandal

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1MDB

A Singaporean private banker was sentenced to two weeks jail on Friday for fraud relating to Malaysia's 1MDB financial scandal, becoming the second person convicted in the international multi-billion dollar affair.

Allegations that huge sums were misappropriated from the Malaysian state fund through money laundering have triggered a massive corruption scandal embroiling Prime Minister Najib Razak.

Prosecutors say Yvonne Seah, a former director at the Singapore branch of Swiss bank BSI, helped forge documents and failed to report suspicious money transfers from accounts allegedly linked to Malaysian financier Low Taek Jho, a close family friend of Najib.

Seah, 45, was sentenced to a fortnight in jail after pleading guilty to three charges of forgery and failure to report suspicious transactions related to the investment fund.


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