Malaysia sends former Goldman banker to US over 1MDB charges
A former Goldman Sachs banker has been extradited from Malaysia to the United States to face charges linked to the multi-billion-dollar 1MDB scandal, a source and reports said yesterday.
Huge sums of public money were stolen from Malaysian state fund 1MDB and used to buy everything from yachts to artwork, in a scheme that allegedly involved former premier Najib Razak, and contributed to his government’s election defeat.
Goldman’s role is under scrutiny as the Wall Street bank helped arrange $6.5 billion in bonds for 1MDB.
Authorities in Malaysia accuse former employees and some of the bank’s subsidiaries of stealing $2.7 billion during the process, and investigators believe cash was laundered through the US financial system.
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