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SINGAPORE (Reuters) – A former Goldman Sachs Group banker is in talks with US prosecutors to plead guilty to criminal charges stemming from a so-called ploy to steal billions of dollars from a fund Malaysian public investment. The report on Monday, July 9 indicates that the talks are bringing closer the rapid investigation of Goldman, who raised billions of dollars for the 1Malaysia Development Bhd (1MDB) state fund. 19659002] It also comes after the former Malaysian Prime Minister, Najib Razak, who founded the fund and lost his reelection earlier this year, was accused of abuse of power and abuse of criminal trust in SRC International, a former unit 1MDB
Najib pleaded not guilty to these charges and consistently denied any wrongdoing with respect to 1MDB
Tim Leissner, former Goldman partner and president of Southeast Asia has not been charged. He is seeking an agreement with prosecutors that would involve his cooperation with the government's criminal fraud investigation in 1MDB and Goldman, the report said.
A spokesman for the US Department of Justice (DoJ) declined to comment. A Leissner lawyer also declined to comment
A spokesman for Goldman Sachs told Reuters: "Since we suspended Mr. Leissner, we have discovered some activities that he deliberately hid from the company. In the last month, citing sources familiar with the matter, Reuters reported that Malaysia was considering asking the DoJ to return nearly $ 600 million to Goldman Sachs (812). , $ 5 million the fees it has earned obligations raised for 1MDB.
Goldman raised nearly US $ 6.5 billion in three bond sales between 2012 and 2013 for 1MDB. More than $ 2.5 billion amassed from these bonds were misappropriated by 1MDB senior officials, their parents and associates, according to civil lawsuits filed in a US court in 2016.
Goldman earned nearly 60 $ 0 million for the three transactions An amount that critics say far exceeds the normal 1% to 2% fees that a bank could expect to help sell bonds.
Goldman argued that the exorbitant fees were related to the additional risks that she was taking – she bought The listed bonds were looking for investors and, in the case of the 2013 agreement that had raised 2 , 7 billion US dollars, 1MDB wanted the funds to be pressed for a planned investment.
The WSJ stated that a potential charge violates the US Foreign Corrupt Practices Act, which prohibits the use of bribes to foreign officials to obtain or retain contracts .
According to the report, attorneys at the US Attorney's Brooklyn Office all laws.
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