A prosecution witness testified in Singapore court that he received more than US$4 million for his role as ex-BSI banker Yeo Jiawei's partner in kickback deals linked to Malaysia's troubled sovereign fund 1MDB, the Singapore's Straits Times reported today.
NTUC Income's former head of agency distribution Samuel Goh Sze-Wei, under cross-examination by Yeo's lawyer Philip Fong, said he received half of the US$1.795 million made over two years by Bridgerock Investment, a company controlled by Yeo.
Testifying on the fifth day of Yeo's trial, Goh, 41, who is now unemployed, added that he received more than US$2.25 million from another deal involving Aabar Investments PJS, the main shareholder of Falcon Bank. He was the second prosecution witness to testify.