SRC suit: 'BSI Bank seduced by fees, didn't report red flags'

The Singapore branch of now-defunct BSI Bank was “seduced” by the fee size of transactions involving US$864.5 million (RM4.09 billion) of funds from SRC International, the Kuala Lumpur High Court heard.

Kevin Swampillai, a former staff of the Singaporean branch of BSI Bank, said this in the tendered copy of his witness statement on behalf of SRC, which is suing former prime minister Najib for US$1.18 billion.