Jho Low allegedly stole US$1.42 billion (S$1.94 billion) from bond transactions that Goldman Sachs Group arranged for 1MDB. - Starpic
NEW YORK (Bloomberg): Fugitive financier Jho Low, the alleged mastermind of the 1MDB scandal, stole US$1.42 billion from three bond transactions that Goldman Sachs Group Inc arranged for the Malaysian wealth fund, an FBI agent who traced the funds testified.
Federal Bureau of Investigation agent Eric Van Dorn took the stand Monday (March 14) at the trial of ex-Goldman banker Roger Ng in federal court in Brooklyn, New York. In addition to his testimony about Low, he told the jury that former Malaysian Prime Minister Najib Razak reaped $756 million of the $6.5 billion raised in the bond offerings, while his stepson, Riza Aziz, pocketed $238 million.
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