Singapore court revokes bail decision for ex-BSI wealth manager
A former wealth manager of troubled Swiss private bank BSI was denied bail by the Singapore High Court today and will await his trial in prison for two of the nine charges that are part of the city-state's investigations into money laundering.
The case is related to illicit money transfers linked to 1MDB, which is being investigated by at least six jurisdictions.
Judge Chan Seng Onn said the prosecution and defence should try to expedite the trial for the two offences of perverting the course of justice.
The prosecution had challenged the S$600,000 (about RM1.7 million) bail granted by a district judge for Yeo Jiawei, a 33-year-old Singaporean who is facing charges including forgery and money laundering. He has already served more than 40 days in remand.
It was not immediately clear when Yeo will be tried for the remaining charges