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| Version 3 | Version 4 |
|---|---|
| 1MDB: Malaysia charges Goldman Sachs and two bankers | 1MDB: Malaysia charges Goldman Sachs and two bankers |
| (about 2 hours later) | |
| Malaysia has filed criminal charges against Goldman Sachs and two former employees in connection with a corruption and money laundering probe at the country's investment fund, 1MDB. | Malaysia has filed criminal charges against Goldman Sachs and two former employees in connection with a corruption and money laundering probe at the country's investment fund, 1MDB. |
| The US bank has been under scrutiny for its role in helping to raise funds for the 1Malaysia Development Bhd (1MDB). | The US bank has been under scrutiny for its role in helping to raise funds for the 1Malaysia Development Bhd (1MDB). |
| It is being investigated in at least six countries. | It is being investigated in at least six countries. |
| Goldman Sachs called the charges "misdirected" and said it would "vigorously defend them". | Goldman Sachs called the charges "misdirected" and said it would "vigorously defend them". |
| "The firm continues to co-operate with all authorities investigating these matters," the bank added. | "The firm continues to co-operate with all authorities investigating these matters," the bank added. |
| Malaysia filed the charges against Goldman Sachs and its former bankers Tim Leissner and Roger Ng. | Malaysia filed the charges against Goldman Sachs and its former bankers Tim Leissner and Roger Ng. |
| Mr Leissner served as Goldman's South East Asia chairman, and left the bank in 2016. Mr Ng was a managing director at Goldman until his departure in May 2014. | Mr Leissner served as Goldman's South East Asia chairman, and left the bank in 2016. Mr Ng was a managing director at Goldman until his departure in May 2014. |
| Last month, Mr Leissner, Mr Ng and Mr Low were served with criminal charges in the US in relation to 1MDB. | Last month, Mr Leissner, Mr Ng and Mr Low were served with criminal charges in the US in relation to 1MDB. |
| Mr Leissner pleaded guilty in the US to conspiring to launder money and violating anti-bribery laws. | Mr Leissner pleaded guilty in the US to conspiring to launder money and violating anti-bribery laws. |
| In that case, prosecutors said former Goldman bankers Tim Leissner and Roger Ng worked with Mr Low to bribe government officials to win 1MDB business for Goldman Sachs. | In that case, prosecutors said former Goldman bankers Tim Leissner and Roger Ng worked with Mr Low to bribe government officials to win 1MDB business for Goldman Sachs. |
| Authorities in the US said billions of dollars were embezzled from the state fund - which was set up by the Prime Minister Najib Razak in 2009 - and were used to buy a list of expensive properties, and even finance the Wolf of Wall Street movie. | |
| They allege that among the things bought by the money were: | |
| This latest development sees Malaysia also bring charges against former 1MDB employee Jasmine Loo and financier Jho Low. | |
| Malaysia's attorney general Tommy Thomas said in a statement: "The charges arise from from the proceeds of three bonds issued by the subsidiaries of 1MDB, which were arranged and underwritten by Goldman Sachs." | |
| The scandal has prompted investigations around the world and played a role in the election defeat earlier this year of Malaysia's former prime minister, Najib Razak, who is accused of pocketing $700m (£517m) from the fund he set up. | The scandal has prompted investigations around the world and played a role in the election defeat earlier this year of Malaysia's former prime minister, Najib Razak, who is accused of pocketing $700m (£517m) from the fund he set up. |