The U.S. Justice Department has charged two former Goldman Sachs bankers and Malaysian financier Jho Low with money laundering and bribery.
The three are accused of laundering billions of dollars embezzled from a Malaysian state fund called 1MDB and using it for bribes and kickbacks to foreign officials.
Prosecutors say the money was used to buy houses, a private jet and even to help finance the film 'Wolf of Wall Street.'
One of the former Goldman bankers, Roger Ng, was arrested in Malaysia on Thursday and he or his lawyers are yet to issue a statement.
The other, Tim Leissner, has pleaded guilty to the charges and agreed to forfeit just under 44 million dollars.
Jho Low remains at large and his legal team issued a statement maintaining his innocence.
The three are accused of laundering billions of dollars embezzled from a Malaysian state fund called 1MDB and using it for bribes and kickbacks to foreign officials.
Prosecutors say the money was used to buy houses, a private jet and even to help finance the film 'Wolf of Wall Street.'
One of the former Goldman bankers, Roger Ng, was arrested in Malaysia on Thursday and he or his lawyers are yet to issue a statement.
The other, Tim Leissner, has pleaded guilty to the charges and agreed to forfeit just under 44 million dollars.
Jho Low remains at large and his legal team issued a statement maintaining his innocence.
Category
🗞
News