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Singapore sentences ex-BSI banker to more jail time in 1MDB linked case

Reuters  |  SINGAPORE 

By Fathin UngkuSINGAPORE (Reuters) - A Singapore court jailed a former wealth manager of Swiss bank BSI for 4-1/2 years on Wednesday for money laundering and cheating in a case linked to investigations into the siphoning off of billions of dollars from Malaysian sovereign fund 1MDB.A political storm has raged for two years in Malaysia over the scandal at 1Malaysia Development Berhad (1MDB), which is the focus of money laundering investigations in at least six countries, including Switzerland and the United States.Singapore public prosecutor Nathaniel Khng described the city-state's ...

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First Published: Thu, July 13 2017. 08:39 IST