SYDNEY: Former Singapore banker Yeo Jiawei, accused of laundering money linked to 1Malaysia Development Bhd, used a tax haven company as part of an US$8.2mil (RM36.6mil) plus splurge on property in Australia's Gold Coast, The Guardian has reported.
Yeo's foray into Australian property began with a US$1.3mil (RM5.8mil) luxury oceanfront apartment in Surfers Paradise, which he bought in 2014 direct from a collapsed developer, the report said.
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