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U.S. charges Jho Low, ex- Goldman bankers over 1MDB scandal

2018-11-02 9 Dailymotion

The U.S. Justice Department has charged two former Goldman Sachs bankers and Malaysian financier Jho Low with money laundering and bribery.<br />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.<br />Prosecutors say the money was used to buy houses, a private jet and even to help finance the film 'Wolf of Wall Street.'<br />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.<br />The other, Tim Leissner, has pleaded guilty to the charges and agreed to forfeit just under 44 million dollars.<br />Jho Low remains at large and his legal team issued a statement maintaining his innocence. <br />

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