‘Jho Low urged bank to hasten 1MDB-related transactions’

KUALA LUMPUR: A former Singaporean banker told the High Court that BSI Bank was under intense pressure by 1Malaysia Development Bhd Global Investment Ltd (1MDB GIL) to hasten the process of investing US$2.72bil into a targeted company account.

Former BSI Bank Head of Wealth Management Services Kevin Micheal Swampillai, 59, testified that the pressure came from fugitive businessman Low Taek Jho, or better known as Jho Low, who in turn passed the pressure to another BSI Bank manager, Yak Yew Chee (who managed the 1MDB GIL account), who would then pass the pressure to “the rest of the bank”.