Jho Low Stole $1.42 Billion From Goldman 1MDB Deals, FBI Agent Says

Jho Low Stole $1.42 Billion From Goldman 1MDB Deals, FBI Agent Says

(TruthandLiberty.com) – On Monday, February 14, federal prosecutors offered opening statements over corruption charges involving a former Goldman Sachs executive. Roger Ng exposed Taek Jho, also known as Jho Low, as the Malaysian financier who allegedly arranged the looting of $4.5 billion from the 1MDB state investment fund. Prosecutors say it may be the biggest heist in the history of the world. On Monday, March 14, an FBI agent testified that Low stole $1.42 billion as part of the grand theft.

FBI Agent and forensic accountant Eric Van Dorn told the jury Low stole the money through three bond transactions Goldman Sachs organized for the 1MDB wealth fund. Prosecutors charged Ng with conspiring with Low and former Goldman Sachs employee Tim Leissner. Leissner pleaded guilty and is cooperating with the government.

Federal prosecutors allege that Low paid bribes to Malaysian and Abu Dhabi officials to help with the heist. Dorn said he reviewed 59,000 bank records, which led him to learn where the money from the three bond transactions went.

Low is a fugitive on the run, with international authorities in pursuit. Officials say they believe he’s hiding in China. Authorities want the mastermind in connection with money laundering, among many other charges related to the Malaysian fund scheme.

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