KUALA LUMPUR, MALAYSIA - Malaysia has just filed a criminal case against Goldman Sachs for alleged money laundering and corruption practices with regard to the 1MDB bond offering project.
According to Attorney General Tommy Thomas, the case filed against Goldman Sachs comes from the basis of underwritten amounts of up to $2.7 billion worth of proceeds from the bonds issued by 1MDB.
As per Thomas, this type of activity is malpractice of finance leading to money laundering cases and corruption charges.
Aside from Goldman Sachs, several other individuals have been sued as well.
These include ex-1MDB employee Jasmine Loo, banker Roger Ng, and banker Tim Leissner as they were all alleged accomplices of Goldman Sachs in implementing the activity.
Goldman Sachs has yet to make a comment on the case.