According to Singapore’s Straits Times, sources have named a private banker with Swiss bank BSI Singapore, Yak Yew Chee as the first name to emerge in the investigation by the Monetary Authority of Singapore (MAS) into the ongoing 1MDB scandal.

Yak was named as Low Taek Jho’s private banker as well as relationship manager for 1MDB Global Investments Ltd, Aabar Investment PJS Limited and SRC International Sdn Bhd.

This follows an announcement on the seizure by MAS and the Commercial Affairs Department of a “large number” of bank accounts over alleged money-laundering and related offences surrounding purported financial mismanagement at 1MDB.

Last September, Singapore authorities froze several of Yak’s bank accounts totalling S$10 million following investigations since mid-2015 into alleged offences.

The newspaper said he is applying for the release of some of his bank accounts to pay taxes, legal fees and basic expenses, sources say.

It said a check with the High Court showed that a criminal motion will be heard this Friday at 10am.