How much in secret commissions did Swampillai receive from 1MDB transactions?

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Swampillai Admitted to Receiving Nearly US$6 Million in Secret Commissions from 1MDB Transactions

Kevin Michael Swampillai has admitted to receiving secret commissions totalling almost US$6 million (RM26.8 million) from BSI Bank's dealings with 1Malaysia Development Berhad (1MDB) and its associated companies. He stated that these benefits were calculated as a percentage of the revenue generated from these transactions and that he voluntarily disgorged the entire US$6 million.
Details of Secret Commission Structure

Swampillai explained that bonuses for certain bank officers involved in 1MDB transactions were calculated differently. Instead of standard bonuses, these individuals received a percentage of the revenue from the transactions. He and a colleague felt they deserved more than the standard bonuses and, after their requests for increased salary and bonus were declined by BSI Bank, they pursued secret commissions from fund managers involved in channelling billions of dollars.
Voluntary Disgorgement of Funds

Swampillai confirmed that he voluntarily returned the US$6 million in benefits he received. He stated that he did not do so in hopes of receiving lenient treatment, but rather because it became evident that he would not be able to keep the benefits after admitting his role in the transactions. The funds returned were in the form of cash in Malaysian banks, as well as overseas investments.
Parallel Actions with Subordinate

Swampillai acknowledged that he engaged in the same activities as his subordinate, Yeo Jiawei, who was also involved in making "secret profits" from 1MDB transactions. He agreed that he would have been found guilty of similar offences of cheating and money-laundering as Yeo if he had been charged in court.
Singapore Authorities' Response

The Monetary Authority of Singapore issued a lifetime ban on Swampillai from financial activities, noting that he had received US$5 million in "secret profits" related to 1MDB without BSI Singapore's knowledge. However, Singaporean authorities issued him a "stern warning" instead of prosecuting him. This decision was made after considering his full cooperation during investigations, his disclosure of the secret profits, and the voluntary disgorgement of illegal profits, including overseas-held assets.

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How much in secret commissions did Swampillai receive from 1MDB transactions?

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