Second Solicitor-General Kwek Mean Luck said: “It is believed that the accused is likely to have told others as well to suppress and tailor information.”
Singapore’s Business Times reported that prosecutors were likely to press new charges against Yeo who has already been charged with seven offences ranging from money laundering, forgery and cheating to obstruction of justice, as a result of the ongoing massive probe by authorities here into 1Malaysia Development Berhad.
Kwek told the court that investigators were scrutinising other aspects of the transactions involving criminal offences related to the seventh charge where Yeo has been accused of forging documents to facilitate a transfer of US$11.95 million in 2013 from SRC International (Malaysia) Ltd to a firm beneficially owned by Tan Kim Loong, a close associate of Malaysian businessman Low Taek Jho, better known as Jho Low.
The BT report said Kwek reiterated Yeo’s key role in the last three years in relation to illicit transactions and money flows in and out of Singapore, pointing out that the investigations (into the 1MDB money trail) were vastly different from other serious crimes such as drug trafficking or murder which often involved a singular transaction or act.
This investigation involved multiple, complex, cross-border financial transactions, multiple entities and extensive documentation, he said.
“Indeed, we have just ascertained that the accused has told yet another individual with knowledge of some of these questionable transactions to delete all relevant emails and to make himself unavailable for questioning by the CAD (Commercial Affairs Department),” said Kwek.
“A further period of remand is necessary as it would allow for ongoing investigation into the new lines of critical enquires that have opened up since the tendering of the seventh charge,” BT quoted Kwek as saying.
He also said the prosecution was not expected to seek further remand beyond two weeks from now and was instead likely to apply for Yeo to be denied bail.
As in previous mentions, Yeo appeared in court via video link.
District Court Judge Christopher Goh ordered Yeo to be remanded till May 24.