Prosecutors on Monday accused a former Goldman Sachs banker of seeking to make millions of dollars laundering money looted from Malaysia’s 1MDB sovereign wealth fund, at the outset of a trial that could shed light on the bank’s response to warnings of corruption.

The bank in 2020 paid a $2.3 billion fine, returned $600 million in ill-gotten gains and agreed for its Malaysian subsidiary to plead guilty in U.S. court as part of a deal, known as a deferred prosecution agreement (DPA).Wible said Ng helped two co-conspirators – his former boss, Timothy Leissner, and Malaysian intermediary Jho Low – launder funds embezzled from 1MDB and used some of the stolen money to bribe officials in the Southeast Asian country to win business for Goldman.

Former Goldman Banker Got Millions In 1Mdb-Linked Kickbacks

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Former Goldman Banker Got Millions In 1Mdb-Linked Kickbacks

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