Low Taek Jho

Malaysia In US$3.9B 1MDB Settlement With Goldman

Malaysia reached a US$3.9 billion settlement with Goldman Sachs on Friday over the Wall Street titan's role in the 1Malaysia Development Berhad (1MDB) scandal in exchange for the country ending all criminal proceedings against the bank. Billions of dollars were looted from sovereign wealth fund 1MDB in a fraud that allegedly involved former prime minister Najib Razak and his cronies. The cash plundered from state coffers bankrolled a global spending spree, and was spent

25 July 2020
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Malaysia charges Goldman over 1MDB scandal

Malaysia has filed criminal charges Monday against Goldman Sachs and two of its former employees over the alleged theft of billions of dollars, heaping fresh pressure on the Wall Street titan over the 1Malaysia Development Berhad (1MDB) scandal.Goldman subsidiaries and ex-bankers Tim Leissner and Ng Chong Hwa are accused of misappropriating US$2.7 billion, bribing officials and giving false statements in relation to bond issues they arranged for state fund 1MDB.Allegations that huge sums were

18 December 2018
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FBI: 1MDB witnesses silenced by fear

Possible witnesses to the alleged looting of billions of dollars from 1MDB (1Malaysia Development Berhad) are too scared to talk to US investigators because they fear retaliation, according the FBI (Federal Bureau of Investigation).Some people in "certain foreign countries" already assisting the criminal probe are concerned for their safety, while others say it’s too dangerous to cooperate, according to an FBI request to keep the names of its informants secret from the alleged maste

6 September 2017
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