{"id":5531,"date":"2018-12-17T09:16:06","date_gmt":"2018-12-17T09:16:06","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/1mdb-malaysia-charges-goldman-sachs-and-two-bankers\/"},"modified":"2018-12-17T09:16:06","modified_gmt":"2018-12-17T09:16:06","slug":"1mdb-malaysia-charges-goldman-sachs-and-two-bankers","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/1mdb-malaysia-charges-goldman-sachs-and-two-bankers\/","title":{"rendered":"1MDB: Malaysia charges Goldman Sachs and two bankers"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Goldman Sachs stall on NYSE floor\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/CA66\/production\/_104841815_mediaitem104841813.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Malaysia has filed criminal charges against Goldman Sachs and two former employees in connection with a corruption and money laundering probe at the country&#8217;s investment fund, 1MDB.<\/p>\n<p>The US bank has been under scrutiny for its role in helping to raise funds for the 1Malaysia Development Bhd (1MDB).<\/p>\n<p>It is being investigated in at least six countries.<\/p>\n<p>Goldman Sachs called the charges &#8220;misdirected&#8221; and said it continued to co-operate with all authorities.<\/p>\n<p>Malaysia filed the charges against Goldman Sachs and its former bankers Tim Leissner and Roger Ng.<\/p>\n<p>Mr Leissner served as Goldman&#8217;s South East Asia chairman, and left the bank in 2016. Mr Ng was a managing director at Goldman until his departure in May 2014. <\/p>\n<p>Malaysia has also brought charges against former 1MDB employee Jasmine Loo and financier Jho Low. <\/p>\n<p>Malaysia&#8217;s attorney general Tommy Thomas said in a statement: &#8220;The charges arise from from the proceeds of three bonds issued by the subsidiaries of 1MDB, which were arranged and underwritten by Goldman Sachs.&#8221; <\/p>\n<h2 class=\"story-body__crosshead\">Accusations<\/h2>\n<p>Last month, Mr Leissner, Mr Ng and Mr Low were served with criminal charges in the US in relation to 1MDB.<\/p>\n<p>Mr Leissner pleaded guilty in the US to conspiring to launder money and violating anti-bribery laws.<\/p>\n<p>In that case, prosecutors said former Goldman bankers Tim Leissner and Roger Ng worked with Mr Low to bribe government officials to win 1MDB business for Goldman Sachs.<\/p>\n<p>Authorities in the US said billions of dollars were embezzled from the state fund to buy art, property, a private jet &#8211; and even to help finance the Wolf of Wall Street film starring Leonardo DiCaprio.<\/p>\n<p>The scandal has prompted investigations around the world and played a role in the election defeat earlier this year of Malaysia&#8217;s former prime minister, Najib Razak, who is accused of pocketing $700m (\u00a3517m) from the fund he set up.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46590176\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Reuters Malaysia has filed criminal charges against Goldman Sachs and two former employees in connection with a corruption and money laundering probe at the country&#8217;s investment fund, 1MDB. The US bank has been under scrutiny for its role in helping to raise funds for the 1Malaysia Development Bhd (1MDB). It is being investigated &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5531"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5532"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}