PressTV-Malaysia sues America’s Goldman Sachs

Malaysia has filed criminal charges against Goldman Sachs Group Inc — an American multinational investment bank and financial services company — for an alleged multi-billion dollar corruption case related to the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).

The lawsuit, which was issued on Monday, charges Goldman Sachs and two of its former bankers Tim Leissner and Roger Ng of securities law violations, according to Malaysian Attorney General Tommy Thomas speaking to Reuters.

“The charges arise from the commission and abetment of false or misleading statements by all the accused in order to dishonestly misappropriate $2.7 billion from the proceeds of three bonds issued by the subsidiaries of 1MDB, which were arranged and underwritten by Goldman Sachs,” said Thomas in a statement.

Former 1MDB employee Jasmine Loo and financier Jho Low have also been charged in connection with the bond offerings.

Along with the…

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