HALISTER1: Singapore Convicts Fifth Person Involved in 1MDB-Related Cases

Singapore Convicts Fifth Person Involved in 1MDB-Related Cases

(Bloomberg) -- Kelvin Ang Wee Keng admitted that he made a corrupt payment to a research analyst in a Singapore case tied to a probe into 1Malaysia Development Bhd.
  • Ang was charged a year ago for what authorities said was corruptly giving S$3,000 ($2,158) to a research analyst to speed up the preparation of a favorable valuation report
  • Ang was friends with Yeo Jiawei, prosecutor Vincent Ong says in court
  • Yeo, a former banker at BSI SA, is appealing a 30-month jail term for obstructing justice
  • NOTE: Swiss Banker Latest Conviction in Singapore’s 1MDB-Linked Cases
To contact the reporter on this story: Andrea Tan in Singapore at atan17@bloomberg.net To contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net Phoebe Sedgman

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0206021D MK (1Malaysia Development Bhd)

People
Yeo Jiawei (BSI Bank Ltd)

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