Evidence showed that Ng and Leissner paid over $1 billion in bribes to the 12 government officials. Their goal was to obtain and retain lucrative business for Goldman Sachs including 1MDB’s bond transactions known as Project Magnolia, Project Maximus, and Project Catalyze in 2012 and 2013.
They also colluded and laundered the proceeds of their criminal conduct through the U.S. financial system including funding “The Wolf of Wall Street” and other major Holywood fils. They also bought a $51 million Jean-Michael Basquiat painting from Christie’s auction house. a $23 million diamond necklace from a New York jeweler, millions of dollars in Hermès handbags from a dealer based on Long Island, and a luxury real estate property in Manhattan.
Ng and Low Taek Jho also known as Jho Low, a wealthy Malaysian socialite and one of the co-conspirators and co-defendants, also conspired and bribed Malaysian and UAE officials. Low used his close relationships with high-ranking government officials in both countries to obtain and retain business for Goldman Sachs by promising and paying them millions of dollars in bribes.
