1MDB: Difference between revisions

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 Razak was alleged to have channeled over $700 million of 1MDB’s assets into his personal bank account. The U.S. Department of Justice later found that more than US$4.5 billion had been diverted from 1MDB by scheme mastermind Jho Low and other conspirators and used to support lavish lifestyles, fund political causes, buy luxury items, properties, super-yachts, and to produce, of all films, ''The Wolf of Wall Street''. Give them credit for brass necks.
-This caused a major political scandal in Malaysia, triggering protests and backlash. After several Malaysian investigations were opened, Najib responded by dismissing several of his critics from government positions, including his deputy Muhyiddin Yassin and attorney-general Abdul Gani Patail. Charges against Najib were subsequently dismissed.[9] Among Najib's critics was former ally and Malaysia's fourth Prime Minister Mahathir Mohamad,[10] who chaired the Malaysian Citizens' Declaration, bringing together political figures and other organisations in calling for Najib Razak's resignation or removal. The Malaysian Conference of Rulers called for prompt investigation of the scandal, saying that it was causing a crisis of confidence in Malaysia.[11][12]
+Goldman Sachs was charged under the Foreign Corrupt Practices Act and agreed to pay over $2.9 billion in a settlement with the U.S. Department of Justice in connection with a $3bn bond issue. At least one Goldman Managing Director, Roger Ng, has been sentenced to 10 years in prison, while Leissner, who pled guilty and testified against Ng, is awaiting sentencing.<ref>[https://www.justice.gov/opa/pr/former-goldman-sachs-investment-banker-sentenced-27b-bribery-and-money-laundering-scheme Justice Department press release]</ref>
-Goldman Sachs was charged under the Foreign Corrupt Practices Act and agreed to pay over $2.9 billion in a settlement with the U.S. Department of Justice in connection with a $3bn bond issue.