Jho Low: Malaysian financier arrested in the US faces charges of laundering billions of dollars embezzled from 1MDB and conspiring to violate the US Foreign Corrupt Practices Act by paying bribes to various Malaysian and Abu Dhabi officials.
Low, Ng and Leissner are the first individuals to be charged in the USA in relation to the scandal at the state investment arm.
Goldman Sachs, which garnered US$600 million in fees and revenues from three 1MDB bond transactions detailed in the indictments, has said previously it has received subpoenas and requests for information on the case from various governments and regulatory bodies. The banker, Andrea Vella, was put on leave in October, according to a person familiar with the matter.
The 1MDB scandal refers to a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund set up in 2009 by Najib to promote economic development in the country.
An estimated US$4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates, the US Justice Department has alleged.
The money was supposed to support development projects, but prosecutors say the three men "conspired to launder" more than $2.7bn through the U.S. financial system, and used this money to pay bribes and "for the personal benefit of themselves and their relatives".
India vs West Indies - Highlights & Stats
The wickets of Keemo Paul (5), Kemar Roach (5) and Oshane Thomas for a duck followed soon after, as the Windies folded meekly. The top spot belongs to Indian cricket team skipper Virat Kohli who has scores 1202 runs with an average of 133.55.
News reports say Ng has been arrested in Malaysia. Low misappropriated billions of dollars from the 1MDB fund.
Prosecutors have previously gone after assets they claim were tainted by monies stolen from hedge fund 1Malaysia Development Bhd - including targeting profits from the film The Wolf of Wall Street, a Bombardier jet, New York City and Los Angeles real estate, and works by Van Gogh and Claude Monet.
Some of those allegations were described in civil forfeiture complaints filed by federal prosecutors in Los Angeles previous year.
As part of the three-count indictment, Ng is also charged with conspiring to violate the FCPA by circumventing the internal accounting controls of a major New York-headquartered financial institution (Financial Institution), which underwrote more than US$6 billion (RM25 billion) in bonds issued by 1MDB in three separate bond offerings in 2012 and 2013, while Ng was employed at the Financial Institution as a managing director. He has called the Malaysian charges political. When the banks questioned large money transfers, the conspirators used fake business documents to address their concerns, the department says. A lawyer for Mr. Leissner could not be reached for comment.
Goldman did not immediately have a comment Thursday.
Mr Ng was a managing director at Goldman until his departure in May 2014. It was not immediately clear who is representing Ng. Both Leissner and Ng departed the bank over 12 months ago.
In exchange for the contract-year wideout, Denver received a fourth-round pick and will swap their seventh-rounder for Houston's . The Broncos' warm feelings for Thomas might subside by Sunday when they kick off their Week 9 game against ... the Texans .
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They should answer my demand as this is not only a demand of a fiancee, but also of a human and a Muslim. The Saudi minister vowed that the government will bring those responsible for the murder to justice.
Golden State's 42-point half-time lead was the fourth-largest half-time lead in history and the largest lead by a road team. John Wall, whose 3-pointer with 3.2 seconds remaining gave Washington a chance, led the Wizards with 26 points.
Soon after the OnePlus 3 launch, the company has been following a six-month cycle for every phone launch after. The company also claims its implementation of in-display fingerprint scanner is now the fastest in the market.
Lions wise to deal Golden Tate before deadline
Patricia was asked a question by ESPN's Michael Rothstein about how the Golden Tate trade makes the Lions any better. Sigh, too bad the trade deadline has already passed, as Blount would have been a ideal fit on this roster.
Marshall: Breast Cancer Awareness Month facts, advice
Majority of women were diagnosed with cancer only when they had Stage 2 or Stage 3 breast cancer (88% diagnosed at Stage 3). With 70,000 deaths getting reported every year, a woman succumbs to breast cancer every ten minutes in the country.
Calls made to Saudi prince's office day writer slain
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New Delhi, Tokyo sign $75 bn currency swap agreement
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