Singapore High Court revokes bail for ex-BSI banker Yeo Jiawei in case related to 1MDB probe

An employee enters the reception area of Swiss bank BSI's office in Singapore on May 24, 2016.
An employee enters the reception area of Swiss bank BSI's office in Singapore on May 24, 2016.PHOTO: REUTERS

SINGAPORE - Singapore High Court on Friday revoked bail granted to former BSI wealth planner Yeo Jiawei who faces allegations of facilitating illicit transactions involving scandal- hit state fund 1Malaysia Development Berhad.

The prosecution had moved to challenge the bail granted a day earlier by a lower court to Yeo, a 33-year-old Singaporean who is facing nine charges including forgery, money laundering and has already served 41 days in remand.

Justice Chan Seng Onn said the bail was revoked as Yeo is likely to interfere with investigations and fabricate evidence "which will subvert the administration of justice".

 
 
 

Yeo must remain in custody pending trial.

Yeo was arrested on March 17 for alleged violations of securities laws and released on bail the next day.

But the prosecution alleged that he violated bail conditions when he contacted at least five different witnesses on five occasions between February and April.