Bank employees under pressure to expedite 1MDBGIL transactions, court told

A FORMER Singaporean banker told the Kuala Lumpur High Court today that BSI Bank employees were put under tremendous pressure by 1Malaysia Development Bhd Global Investment Limited (1MDBGIL) to expedite the process of investing US$2.72 billion into the accounts of targeted companies.

Former BSI Bank head of wealth management services, Kevin Micheal Swampillai, 59, said the money in 1MDBGIL and other 1MDB-related client accounts did not remain in their accounts for too long as there was always great haste demonstrated by the companies to invest the money in fiduciary funds as quickly as possible.