Yeo Jiawei says he was leaving BSI to work for rival bank, not Jho Low

SINGAPORE (Nov 11): Ex-BSI banker Yeo Jiawei on Friday refuted claims that he worked for 1MDB mastermind Low Taek Jho, calling it a “misunderstanding” and “assumption” on the part of Kevin Swampillai, his former boss at BSI.

Earlier, Swampillai told the court that Yeo was paid $500,000 a year working for Low. Taking the stand for the second day in his witness-tampering trial, Yeo said he was actually in negotiations to join rival bank UBS as a relationship manager.

To support his claim, the court was presented with an offer letter from UBS. The document stated that Yeo would get a base salary of $230,000 a year plus incentive payment of $260,000, which adds up to nearly $500,000. The court was also presented with Yeo’s 2015 notice of assessment, which stated his last drawn salary at BSI as $441,000.

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