Yeo was jailed for 30 months in 2016 and was handed anothe­r 54-month senten­ce in JulySINGAPORE: Singapore on Tuesday banned a jailed banker from working in its financial services industry for life over his links to the international money-laundering scandal involving neighbouring Malaysia’s state fund 1MDB. Financial regulator the Monetary Authority of Singapore (MAS) handed the punishment to Yeo Jiawei, noting he had been convicted of several 1MDB-linked charges, including money laundering, cheating and tampering with witnesses involved in the probe into the case. Twitter suspends defence.pk account for photoshopped image of Indian studentThe latest bans bring the total number of barred 1MDB-linked bankers in Singapore to eight, the financial regulator said. The 1MDB scandal has been described by prosecutors as the “largest ever money-laundering case” investigated by Singapore’s white-collar crime unit. The United States and Switzerland have also launched investigations into the 1MDB fund but only Singapore has handed down any convictions so far.

Source: The Express Tribune December 19, 2017 07:52 UTC