PetroSaudi Oil Services valuation comes to light following 1MDB-linked conviction

SINGAPORE (May 26): Former Maybank Kim Eng remisier Kelvin Ang Wee Keng was the fifth person to be convicted in Singapore for offences related to a web of international transactions surrounding 1Malaysia Development Berhad (1MDB).

Ang on Wednesday pleaded guilty to a charge of corruptly inducing research analyst Jacky Lee Chee Waiy with a cash payment of $3,000 to speed up the preparation of a valuation report for a Cayman Islands entity called PetroSaudi Oil Services (PSOSL).

See: Former remisier Kelvin Ang fined $9,000 in fifth 1MDB-related conviction

---

Related Stories

• Ex-Goldman banker Ng in Malaysia for 1MDB probe, according to a report
• MAS bans former Goldman Sachs (Singapore) MD Roger Ng for life
• Malaysia says 1MDB fugitive Jho Low hiding in Macau: Al Jazeera

---