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MariaSharpie

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A three-count criminal indictment was unsealed today in federal court in the Eastern District of New York charging Low Taek Jho, also known as “Jho Low,” and Ng Chong Hwa, also known as “Roger Ng,” with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.


As part of the three-count indictment, Ng is also charged  with conspiring to violate the FCPA by circumventing the internal  accounting controls of a major New York-headquartered financial  institution (Financial Institution), which underwrote more than US$6  billion (RM25 billion) in bonds issued by 1MDB in three separate bond  offerings in 2012 and 2013, while Ng was employed at the Financial  Institution as a managing director. Ng was arrested earlier today in Malaysia, pursuant to a provisional arrest warrant issued at the request of the United States. Low remains at large.


More at https://www.prolificskins.com/forum/current-affairs/us-doj-confirms-jho-low-ex-banker-roger-ng-indicted-over-1mdb-scandal