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Brooklyn Federal Prosecutors Charge Ex-Goldman Banker, Fugitive Financier with 1MDB Crimes

By Valentina Pasquali

U.S. prosecutors unveiled criminal charges Thursday against a Malaysian financier and a former Goldman Sachs banker, and announced that another former executive of the New York-based lender has pleaded guilty to laundering nearly $3 billion stolen from 1MDB. Aided by unnamed associates at "U.S. financial institution #1," Jho Low, Roger Ng and Tim Leissner "knowingly and willingly" evaded "internal accounting" and anti-graft controls while bribing Malaysian and Abu Dhabi officials to win and retain business for the bank, according to a 34-page indictment and other court documents. The suspects used shell companies and corporate accounts to funnel hundreds of millions...

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