The defendant and his co-conspirators circumvented Goldman Sachs’ accounting controls while carrying out the bribery scheme. They misappropriated over $2.7 billion from 1MDB.
Goldman Sachs received approximately $600 million in fees and revenues during its work for 1MDB. Ng received $35 million for his role in the bribery and money laundering scheme.
In October 2020, Goldman Sachs and its Malaysian subsidiary agreed to pay more than $2.9 billion to settle investigations into its role in the 1MDB bribery scheme. The American multinational investment bank and its subsidiary admitted to conspiring to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA).
In August 2018, Leissner pleaded guilty to conspiring to launder money and conspiring to violate the FCPA. He agreed to $43 million and shares of stock worth more than $200 million and is awaiting sentencing.
Low remains a fugitive.
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