SINGAPORE (Oct 10): Singapore authorities charged two ex-BSI SA bank employees in a case linked to an embattled Malaysian investment fund at the centre of international probes. Yak Yew Chee, a former private banker for 1Malaysia Development Bhd and financier Low Taek Jho, faces seven charges including for forgery, according to court papers filed on Monday. Yak’s former subordinate Yvonne Seah Yew Foong was also charged in the same Singapore state court. The latest charges come as Singapore vowed stronger action after the central bank found anti-money laundering lapses at banks linked to the troubled Malaysian fund. The cases are Public Prosecutor vs Yak Yew Chee and Public Prosecutor vs Yvonne Seah.

Source: The Edge Markets October 10, 2016 08:03 UTC