Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Malaysia files criminal charges against Goldman Sachs in 1MDB probe

Malaysia files criminal charges against Goldman Sachs in 1MDB probe
FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in New York, U.S. on July 16, 2013. REUTERS/Brendan McDermid/File Photo Copyright  Brendan McDermid(Reuters)
Copyright Brendan McDermid(Reuters)
By Reuters
Published on
Share Comments
Share Close Button

KUALA LUMPUR (Reuters) - Malaysia said on Monday it has filed criminal charges against Goldman Sachs <GS.N> and two of the U.S. bank's former employees in connection with a corruption and money laundering probe at state fund 1MDB.

Goldman Sachs has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Development Bhd (1MDB), which is the subject of investigations in at least six countries.

Malaysia's Attorney General Tommy Thomas said criminal charges under the country's securities laws were filed on Monday against Goldman Sachs, its former bankers Tim Leissner and Roger Ng, former 1MDB employee Jasmine Loo and financier Jho Low in connection with the bond offerings.

"The charges arise from the commission and abetment of false or misleading statements by all the accused in order to dishonestly misappropriate $2.7 billion (2.15 billion pounds) from the proceeds of three bonds issued by the subsidiaries of 1MDB, which were arranged and underwritten by Goldman Sachs," Thomas said in a statement.

(Reporting by A. Ananthalakshmi; Editing by Muralikumar Anantharaman)

Go to accessibility shortcuts
Share Comments

Read more

Nepal's youngest PM takes oath of office after Gen Z protests toppled previous government

Kazakhstan votes for a new Constitution, marking a turning point in its political future

Inside the UAE's response to Iranian attacks: A senior official speaks