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Goldman Sachs faces criminal charges in Malaysia for helping Billions "Vanish"

Started by David Icke Bot, Dec 19, 2018, 05:47:07 AM

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David Icke Bot



RT - Russia Today


Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund
http://www.rt.com/business/446789-goldman-sachs-sued-malaysia/


The subsidiaries of the Wall Street banking giant and its former key employees, ex-chairman of Goldman's South East Asia, Tim Leissner, and ex-managing director, Roger Ng, are accused of giving false statements when helping to arrange bonds for 1MDB, Malaysia's Attorney General Tommy Thomas announced on Monday.

Malaysia says the accused wanted to misappropriate $2.7 billion from $6.5 billion in bonds, issued by 1MDB and underwritten by Goldman Sachs, in three separate offerings between 2012 and 2013.

Now Kuala Lumpur is seeking to take back the misappropriated $2.7 billion from Goldman Sachs as well as $600 million in fees received by the bank. The prosecution is demanding fines and up to 10 years behind bars for each of the accused. The fines may amount to at least 1 million ringgit ($240,000), according to the charge sheets, seen by Reuters.'



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