Indian-Origin Banker Issued 10-Year Prohibition Order In Malaysia 1MDB Case
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Due to Raj Sriram's neglect, BSIS did not file the reports, the statement said. (Representational)Singapore: An Indian-origin banker has been issued a 10-year prohibition order and a 24-month conditional warning for his failure to report a suspicious transaction involving the jailed Malaysian Prime Minister Najib Razak's infamous company 1Malaysia Development Berhad (1MDB).Raj Sriram, the former deputy CEO and head of private banking of BSI Bank Limited's Singapore branch (BSIS), was issued the prohibition and warned on Monday to report the suspicious transaction, the Monetary Authority of Singapore (MAS) and the Singapore Police Force (SPF) said in a statement.The prohibition order, which took effect on Monday, was issued by MAS, while the conditional warning was given by the SPF...