Singapore banker admits to money laundering in 1MDB-linked case

Former BSI Singapore wealth planner Yeo Jiawei was sentenced to 54 months in jail by a Singapore court on Wednesday for money laundering and cheating in relation to a massive global probe involving billions of dollars allegedly misappropriated from 1MDB. The sentence will run concurrently with an earlier 30-month jail sentence Yeo had begun serving in December last year for witness tampering.

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