SINGAPORE - The first name in connection with the Singapore government's probe into the possible links to Malaysian state fund 1Malaysia Development Berhad (1MDB) has emerged.
The High Court will hear its first case relating to this case on Friday (Feb 5).
Local media reported that Yak Yew Chee, a senior private banker with Swiss bank, BSI Singapore, is the applicant of the criminal motion.
He is reportedly seeking access to his bank accounts which were frozen during the said investigations.
The Straits Times reported that several of his bank accounts, amounting to about $10 million, were frozen.
The case that rocked Malaysia: 1MDB
The Commercial Affairs Department and the Monetary Authority of Singapore said yesterday (Feb 1) that they seized a "large number" of bank accounts over possible money-laundering and other offences linked to alleged financial misappropriation of the 1MDB fund.
Local investigations by the authorities were carried out since mid-2015.
Mr Yak is believed to be the private banker of flamboyant Malaysian businessman Low Taek Jho, better known as Jho Low, who has been accused of having personal transations with 1MDB.
Channel NewsAsia reported that Mr Yak will be represented by Mr Roderick Edward Martin from Martin & Partners.
It is unclear if Mr Yak is in remand.