SINGAPORE – BSI’s Yeo Jiawei sentenced to 54 months jail
for money laundering, cheating
massive global probe billions misappropriated from (1MDB)
54-month sentence longest on 1MDB-related charges.
Yeo, 34, pleaded guilty of money laundering, cheating
banker Yak Yew Chee sentenced to 18-week jail and fined
for forging documents, suspicious transactions related to Jho Low
Jho Low at centre of money laundering scandal
banker Yvonne Seah Yew jailed 2 weeks and fined
highest fine S$128,000 on Falcon Bank’s manager Jens Sturzenegger
sentenced to 28 weeks’ jail.
Singapore is 1st and only country out of 10 to convict several for money laundering
4 others, including Goldman Sachs’ Tim Leissner banned from city state
for periods ranging from 10 years to a lifetime
3 others Prohibition Orders (POs), ranging from three to six years.
2 yr probe by MAS into 1MDB money flows
2 private banks losing their licenses
8 banks being fined a total of S$29.1 million.
Yeo employed by Swiss BSI between Dec 2009 and July 2014
amassed S$26m from illicit schemes to defraud BSI
1MDB world’s largest money laundering scandals in history
“complex web of transactions involving numerous shell companies
multiple jurisdictions US, Switzerland, Hong Kong, Luxembourg, Malaysia
Yeo repeatedly downplayed close ties to Jho Low
JoLo under investigation in S’pore over 1MDB money-laundering
My comments :
Congratulations to Singapore.
A kaffir country, ‘little red dot’ and all is showing a truly Islamic example by bringing the crooks to book.
On the other hand Chief Thief is using stolen funds to send 1000 ignorant people to Saudi Arabia for their pilgrimage. Using stolen money is halal? Duit curi boleh jadi halal ke?
Anyway here is some gossip for the Singapore govt people. This is what I hear.
So many kuchi rats or supporting actors have now been charged in Court and found guilty, fined and/or jailed.
However there has been no action taken against Jho Low – the single biggest elephant in the room.
Talk is the prosecution of Jho Low is linked to the appeal over Pulau Batu Putih.
The Malaysian side says they have new evidence over the Batu Putih dispute.
People say that reopening the Pulau Batu case and the admissibility of any new evidence is subject to both Malaysia and Singapore’s consent.
Singapore does not have to consent at all. End of story.
But they may use the Jho Low card to end all future “new evidences”.
For most certainly, if JoLo is brought to Court in Singapore (alive and well and not in a cemented oil drum) only the devil knows what will be revealed in the Court.
Not only will it dethrone Thief the Chief but it will ’embarrass’ the northern neighbor.
The more likely scenario is that Singapore will let the Swiss and the US DoJ prosecute JoLo. Singapore will just play a supporting role.
The clock is ticking. Serious damage has been done. The mortal wound has been inflicted. It will be painful and totally embarrassing for the ketuanan people.