[ad_1]
Tim Leissner, a former Goldman Sachs partner in Asia, is expected to plead guilty to conspiracy to launder money and conspiracy to violate the law on corrupt practices abroad. Roger Ng, the other former Goldman banker, was arrested in Malaysia.
Photo:
Lucas Jackson / Reuters
The US Department of Justice plans to announce on Thursday morning numerous criminal charges related to the multi-billion dollar scandal of Malaysian sovereign funds, including two former Goldman Sachs bankers and Malaysian financier Jho Low, according to close associates folder.
Tim Leissner, former partner of
Goldman Sachs
in Asia, it is expected that the complainant will be found guilty of conspiracy to launder money and conspiracy to violate the law on corrupt practices abroad, said relatives. He will lose $ 43.7 million, they said.
Roger Ng, the other former Goldman banker, and Jho Low, the Malaysian financier who allegedly chastised the fraud, will be indicted, the family said. Mr. Ng was arrested in Malaysia, while Mr. Low is on the run and was last seen in China.
US prosecutors have already filed lawsuits for the confiscation of civilian assets to seize assets allegedly purchased with the fund's stolen funds, called 1Malaysia Development Bhd or 1MDB. These are the first criminal charges against persons from the Department of Justice in this case.
The calls to Mr. Leissner's lawyers were not immediately recalled. Mr. Ng could not be reached immediately for a comment.
US Attorney General Jeff Sessions called the 1MDB scandal "kleptocracy at its worst" in a speech last December.
-Justin Baer contributed to this article.
Beginning in Malaysia, a scandal involving the 1MDB fund created by Prime Minister Najib Razak now concerns at least 10 countries, including the United States. and other assets around the world, including New York and Beverly Hills. Illustration: Oliver Osborne for the Wall Street Journal. (Originally published on January 12, 2017)
Write to Nicole Hong at [email protected], Bradley Hope at [email protected] and Aruna Viswanatha at [email protected]
