The Attorney General of Malaysia, Tommy Thomas, said in a publicly-released statement that criminal charges were filed today (Monday December 17) against the American investment bank Goldman Sachs, as well as two of its former bankers, a former 1MDB staff member, and Jho Low, in connection with the billion dollar 1MDB scandal.
Malaysia alleges that Goldman committed, and abetted, false statements, with allowed the defendants to misappropriate $2.7bn for three bond issues. Goldman helped raise $6.5bn, and reportedly took at $600m for from the three issues. The investment bank denied any wrongdoing, and stated that it was cooperating with the authorities.
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