1MDB Financier Raised Red Flags At Goldman, Jury Hears
By Stewart Bishop (March 10, 2022, 9:30 PM EST) -- A former Goldman Sachs compliance executive on Thursday told a Brooklyn federal jury of how numerous red flags were raised after Malaysian financier Jho Low was referred to the bank as a potential client, prior to the corrupted $6.5 billion 1MDB bond offerings that led to the trial of former Goldman managing director Roger Ng.
Ng, Low and former Goldman partner Tim Leissner are accused of Foreign Corrupt Practices Act and money laundering violations for allegedly conspiring to drain billions from three 1MDB bond transactions in order to bribe government officials and enrich themselves.
Leissner pled guilty and took the stand...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!