New light on the 1MDB scandal

The trial of former BSI employee Yeo Jiawei kicked off this past week, bringing once-unknown characters in the 1MDB saga into focus.

The first four days of the trial of Yeo Jiawei, a former wealth planner at Swiss private bank BSI, have seen testimonies from a total of six witnesses, which have made him out to be a key player in the creation and operation of fund structures that were used to siphon money from 1Malaysia Development Bhd. He was also said to have worked for Low Taek Jho, the flamboyant businessman at the centre of the 1MDB scandal, after leaving BSI in June 2014, from whom he received an income of some $500,000 a year.

Yeo has been hit with a total of 11 charges of cheating his former employer, money laundering and tampering with witnesses. He is currently on trial for four charges of tampering with witnesses. He could be tried on the remaining charges in April next year.

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