Thursday 22 December 2016

Jho Low's Banker. 30 Months. Singapore. Jailhouse Rock

Is the 1957 hit for Elvis Presley, taken from the movie soundtrack of the same name.

The banker, known in the mass media as Jho Low's banker, will most probably not be humming to the Jailhouse Rock tune, for very valid reasons.

Bloomberg has the story. Read below:

Singapore Gives Toughest Sentence Yet in 1MDB-Related Case

Ex-BSI banker Yeo gets 30 months for obstruction of justice

He is third ex-BSI banker found guilty in Singapore probes

Yeo Jiawei, a former wealth planner at Swiss bank BSI SA, was given a 30-month jail term, the longest sentence yet handed down by the courts in Singapore’s probes linked to 1Malaysia Development Bhd.

Yeo, 34, is the third former BSI banker to be found guilty in the city’s 1MDB-related investigations. Yak Yew Chee is serving an 18-week jail term and was fined after being convicted in November of forging documents and failing to disclose suspicious transactions allegedly related to Malaysian financier Low Taek Jho. Another banker, Yvonne Seah Yew Foong, was jailed for two weeks and fined on Dec. 16 for similar offenses. In Yeo’s case, the prosecution had asked for a 36-month sentence.

“The accused has been found guilty of serious offenses that go to the heart of the administration of justice and do violence to the rule of law in Singapore,” said prosecutors in their address on the sentence. “Such conduct must be unequivocally stamped out and deterred.”