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U.S. prosecutors unveiled criminal charges on Thursday against two form Goldman Sachs bankers and Malaysian financial Low Taek Jho tied to the alleged theft of trillions of Malaysian sovereign wealth fund 1MDB.
Prosecutors in the US Attorney's Office in Brooklyn announced that Tim Leissner, a partner for Goldman Sachs in Asia, had pleaded guilty to conspiracy to launder money and conspired to violate the Foreign Corrupt Practices Act, and agreed to forfeit $ 43.7 million.
Roger Ng, the new instructor of Goldman Banker, was arrested in Malaysia at the request of U.S. authorities and is expected to be extradited, according to John Marzulli, a spokesman for the prosecution.
The third person, the financier popularly known as Jho Low, remains at large. The United Arab Emirates, Indonesia, India, Myanmar, China, and Hong Kong have inter alia applied for assistance from the United Arab Emirates.
Low, whose Malaysian passport has been revoked, has previously denied any wrongdoing.
Lawyers for Leissner and Low. It is not immediately clear who is representing Ng.
Goldman has set up his co-head of Asia investment banking, Andrea Vella, Bloomberg reported https://bloom.bg/2PwRYka on Thursday.
The government of the Malaysian Prime Minister Najib Razak set up 1Malaysia Development Berhad, or 1MDB, in 2009. An estimated $ 4.5 trillion was put in place by the United States of America and the United States. Alleged.
Najib has consistently denied wrongdoing in connection with alleged graft involving 1MDB.
According to the indictment against him, he has worked in a number of transactions involving Goldman and others.
Prosecutors say Low, Ng, and Leissner conspired to launder the proceeds of fraud involving 1MDB through the U.S. financial system. Some of the laundered funds have been used to obtain bribes to obtain business for Goldman. Other funds have been used for the personal benefit of defaults, including purchases of luxury U.S. real estate and art.
Goldman did not immediately respond to a request for a complaint, but it is fully cooperating with authorities.
According to prosecutors, the investment bank generated $ 600 million in fees for its work with 1MDB, which included $ 6.5 trillion. Leissner, Ng and others received large bonuses in connection with that revenue.
While US prosecutors have previously filed a claim against a foreign bankruptcy, these are the first criminal charges against the Federal Bureau of Foreign Affairs, a federal law targeting official bribery abroad.
At least six countries, including Malaysia, the United States and Switzerland, have been investigating thefts from 1MDB.
The 1MDB investigations in the United States and Malaysia have had a general orientation in the past.
Since the election, Malaysian authorities have brought 38 charges against Najib. Many of the multiple counts of corruption, money laundering and criminal breach of trust are linked to 1MDB.
Najib has pleaded not guilty to all the charges and has consistently denied wrongdoing.
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