Statement issued by Singapore's Attorney-General's Chambers on Oct 10, 20161 In May 2016, the Monetary Authority of Singapore ("MAS") provided the Public Prosecutor with findings from its inspection of BSI Bank Limited ("BSI Singapore"). MAS also referred the names of six employees of BSI Singapore to the Public Prosecutor for evaluation on whether they had committed criminal offences. 2 Today, two of the BSI Singapore employees named by MAS were charged in Court for various criminal offences. 4 Mr Yeo Jiawei, who currently faces a total of 11 charges for various offences, was the first BSI Singapore employee named by MAS to be charged in Court for criminal offences. Other individuals, including the other BSI Singapore employees named by MAS, are being questioned or investigated.

Source: The Edge Markets October 10, 2016 10:18 UTC