Jho Low

1MDB Scandal: Ex-Goldman Malaysia Boss Guilty

The former head of Goldman Sachs in Malaysia has been convicted for helping to orchestrate one of the world's biggest financial corruption scandals.A United States (US) jury found Roger Ng guilty on all charges in the trial, which concerned the looting of billions of dollars from Malaysia's 1MDB sovereign wealth fund.He is the only Goldman Sachs banker to face a jury over the scandal, which rocked Malaysian politics and forced the bank to pay billions in fines.He had pleaded not gui

9 April 2022
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Thailand denies PM aided in Malaysia’s 1MDB scandal

Thailand's government threatened legal action on Monday against a banned opposition party which claimed Prime Minister Prayut Chan-o-cha  aided in the cover-up of Malaysia's 1MDB graft scandal by harbouring a fugitive financier.The stridently anti-military Future Forward Party, the third largest in parliament, was dissolved Friday by a court and its key members banned from politics for a decade.On Sunday Future Forward's spokeswoman Pannika Wanich held a public confere

25 February 2020
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US agrees $700 million settlement over 1MDB

The Malaysian financier at the heart of the massive 1MDB graft scandal has struck a settlement to forfeit assets worth US$700 million including a Beverly Hills hotel and a private jet, the US Justice Department said Wednesday.Jho Low will relinquish the assets under the largest ever US civil forfeiture, intended to recover cash allegedly stolen in the 1MDB scandal which helped topple Malaysia's corruption-plagued former regime."A staggering amount of money embezzled from 1MDB at the

31 October 2019
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1MDB’s Jho Low charged over Obama donation

United States (US) prosecutors brought additional charges against Jho Low, the Malaysian national accused of looting the 1MDB wealth fund, for campaign-finance violations related to President Barack Obama’s 2012 re-election effort.According to an indictment unsealed Friday in Washington, Low transferred US$21.6 million to Pras Michel, a musician and film producer, who spread approximately US$865,000 among 20 people.

12 May 2019
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Ex-Goldman banker pleads not guilty in New York

Former Goldman Sachs Group Inc. banker Roger Ng is in plea talks to avoid a United States (US) trial on charges that he broke American anti-bribery laws and conspired to launder money embezzled from Malaysia’s state investment fund, 1MDB.Ng arrived in New York from Malaysia early Monday and appeared in federal court in Brooklyn, where he entered a not guilty plea.

7 May 2019
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Did China offer to bail out Malaysia’s 1MDB?

Malaysia said Tuesday it was investigating alleged claims China offered to help bail out scandal-hit state fund 1MDB and get foreign probes into the controversy dropped in return for securing infrastructure deals.Huge sums were purportedly looted from the Malaysian government fund in an audacious fraud, which allegedly involved former prime minister Najib Razak and contributed to his shock poll defeat in May 2018.The Wall Street Journal reported Chinese officials allegedly offered in 2016 to

9 January 2019
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Goldman stung by 1MDB corruption scheme

A high-profile corruption probe that has spanned continents has landed its first direct blow at Goldman Sachs.At least three senior Goldman bankers were implicated by the United States (US) Department of Justice (DOJ) in a multiyear criminal enterprise that included bribing officials in Malaysia and elsewhere and laundering of hundreds of millions of dollars.

2 November 2018
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US denies role in Equanimity transfer to Malaysia

The United States (US) Justice Department reiterated it wasn’t involved in turning over Low Taek Jho’s US$250 million super yacht to Malaysia from Indonesia as the fugitive financier vowed not to submit to any jurisdiction where his guilt had been predetermined.Federal prosecutors said their only part in the yacht’s handover was to advise the crew members of the “Equanimity” to obey the instructions of the Indonesian government, which had both physical and legal custody of the 300-foot boat,

19 August 2018
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Malaysia said to plan arrest of Jho Low and ex-Goldman banker Ng

Malaysian authorities conducting a probe into troubled state investment fund 1Malaysia Development Bhd (1MDB) have issued an arrest warrant for financier Low Taek Jho and are preparing warrants for two others, including a former Goldman Sachs Group Inc. banker, people with knowledge of the matter said.The Malaysian Anti-Corruption Commission (MACC) has also issued an arrest warrant for Nik Faisal Ariff Kamil, a former official at a 1Malaysia Development Bhd unit.

8 June 2018
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