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Former Goldman Sachs executive Roger Ng (center) leaves Brooklyn federal court with attorney Marc Agnifilo on May 6, 2019, in New York. On Friday, Ng was convicted of bribery and other corruption charges accusing him of participating in a $4.5 billion sch

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A former Goldman Sachs banker is found guilty in a plot to loot Malaysia's 1MDB fund

5:53pm April 08, 2022

by The Associated Press

Roger Ng was convicted in a New York federal court of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund.

Former Malaysian Prime Minister Najib Razak (center), wearing a face mask with his supporters, arrives at the courthouse in Kuala Lumpur, Malaysia, on Tuesday. Najib was found guilty of corruption in the first of several trials linked to the multibillion-

Former Malaysian Prime Minister Found Guilty Of Looting Sovereign Fund

8:39am July 28, 2020

Najib Razak was found guilty in the first of multiple trials related to the siphoning of billions of dollars from the country's 1MDB sovereign wealth fund.

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Accused of misappropriating billions of dollars, Jho Low has reached a settlement over U.S. claims related to more than $700 million in assets. But he also says he will continue to fight the charges. The Malaysian financier is seen here in 2014.

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U.S. Recovers More Than $700 Million From Malaysian Financier In Slush Fund Scandal

3:32pm October 31, 2019

by Bill Chappell

Assets forfeited by financier Jho Low range from the luxury Viceroy L'Ermitage hotel in Beverly Hills to a business jet. Millions of dollars in business holdings are also included.

Najib Razak, Malaysia's former prime minister, leaves court in Kuala Lumpur on Wednesday — the first day in his trial over charges that he used a slush fund to put millions of dollars into his own accounts.

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Malaysia's Former PM Najib Razak Begins Trial On 1MDB Slush-Fund Charges

11:25am April 03, 2019

by Bill Chappell

It's the first court case for Najib related to broader allegations involving the misuse of billions of dollars. Much of that money was raised by the U.S. bank Goldman Sachs, which also faces charges.

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The Goldman Sachs headquarters in Manhattan, as shown on Dec. 17. Malaysia has filed criminal charges against Goldman Sachs and two of its former executives on Monday over their alleged role in the ransacking of a multibillion-dollar state investment fund

World News

Goldman Sachs Faces Charges In Malaysia Over Massive Corruption Scandal

3:01pm December 17, 2018

by Camila Domonoske

The U.S. bank and two of its former bankers face criminal charges in connection with Malaysia's 1MDB scandal, which involves billions of dollars allegedly stolen from a development fund.

Malaysia's former Prime Minister Najib Razak exits the Kuala Lumpur High Court in August. He was charged of six counts of criminal breach of trust on Wednesday.

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Former Malaysian Prime Minister Charged With Criminal Breach Of Trust

8:50am October 25, 2018

by Emily Sullivan

Najib Razak was charged in connection with the 1MDB scandal, involving the alleged misuse of more than $1.5 billion. He pleaded not guilty to the 21 charges he faces.

U.S. Sues To Recover Funds Allegedly Stolen From Malaysian Government Fund

4:21pm July 20, 2016

by Jim Zarroli

The money — which U.S. officials say was used to buy a $35 million jet, art by Van Gogh, rights to The Wolf of Wall Street — was raised by a fund with ties to Malaysia's prime minister and his family.

Supporters of a pro-democracy group, Bersih (Clean), march in Malaysia's capital Kuala Lumpur on Saturday. The group was protesting alleged corruption at the top levels of government. President Obama is set to visit and meet the embattled prime minister,

Malaysian Leader Faces Corruption Scandal As He Prepares To Meet Obama

6:40pm November 18, 2015

by Elise Hu

Malaysia's leader is at the center of a swirling scandal involving millions — if not billions — in missing money. It's complicating a crucial U.S. relationship in Southeast Asia.

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