was unclear why a state fund such as 1MDB would use such secretive financial structures, but Pinto didn’t pry, as BSI had vouched for 1MDB. As Kevin Swampillai, Yeo’s boss, put it: “There was only a semblance of compliance at these funds.” In the next couple of years, Amicorp would set up $1.5 billion of such structures for 1MDB, Low, and his family.
