Ex-BSI banker Yeo was paid $500,000 a year by Jho Low‬

SINGAPORE (Nov 2): Former BSI wealth planner Yeo Jiawei was paid some $500,000 a year by Low Taek Jho, the Malaysian financier who is accused of siphoning billions from Malaysia's state fund 1MDB, Yeo’s former boss Kevin Swampillai told the court on Wednesday.

Yeo, described by his former boss as very competent in creating trusts and providing trust services, left the Swiss private bank in June 2014 to work for Low. Swampillai remembered asking Yeo how much he would be paid, and being told that it was some $500,000 a year. “That would be more than what he would have earned at BSI Bank,” he recounted.

Swampillai also revealed in court that Yeo referred to Low as “boss”. But he wasn’t the only one to do so. According to Swampillai, several other individuals at BSI who dealt with Low also called him “boss”, or even “big boss”.

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