tommy thomas: Read more Malaysia selling fugitive tycoon's 130 million superyacht Attorney General Tommy Thomas said criminal charges were filed Monday against Goldman Sachs, ex-bankers Tim Leissner and Ng Chong Hwa also known as Roger Ng Malaysian financier Low Take Jho also known as Jho Low and former 1MDB employee Jasmine Loo, according to Deutsche Welle. All are accused of making false statements in order to dishonestly misappropriate 2.7 million from the proceeds of the three bonds. The US bank has been under scrutiny for its role in helping raise 6.5 billion 5.7 billion through three bond offerings for 1MDB, a fund launched in 2009 by former Malaysian Prime Minister Najib Razak to promote economic development in the country. Thomas said the four individuals are accused of conspiring to bribe Malaysian public officials in order to procure the selection, involvement and participation of Goldman Sachs in the bond issuances. Having held themselves out as the pre-eminent global adviser/arranger for bonds, the highest standards are expected of Goldman Sachs. Thomas also said that Goldman also benefited by collecting what he claims were inflated fees of 600 million.
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