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WASHINGTON, Nov 1 — The US Justice Department is set to announce multiple criminal charges today against two former Goldman Sachs bankers and Malaysian financier Jho Low tied to the Malaysia 1MDB sovereign wealth fund scandal, the Wall Street Journal reported.
Citing sources familiar with the case, the Wall Street Journal said Tim Leissner, former partner for Goldman Sachs in Asia, is expected to plead guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act and will forfeit US$43.7 million (RM182.5 million).
Roger Ng, the other former Goldman banker, was arrested in Malaysia and Jho Low, last seen in China, will be indicted. He was last seen in China.
Goldman, which generated about US$600 million in fees for its work with 1MDB, has in the past repeatedly denied any wrongdoing and said it is fully cooperating with authorities. — Reuters