U.S. indicts Malaysians on money laundering from 1MDB

Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund's flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/File Photo

WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it has charged Malaysian financier Low Taek Jho and former banker Ng Chong Hwa with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB).

Tim Leissner, a former Goldman Sachs investment banker pleaded guilty in the case, according to documents unsealed in federal court for the Eastern District of New York, the statement said.

Reporting by Karen Freifeld and Doina Chiacu; Editing by Lisa Lambert

Our Standards:The Thomson Reuters Trust Principles.

Get the latest news delivered to your inbox

Follow us on social media networks

PREV U.S. auto sales rise as SUVs, trucks dominate
NEXT Patisserie Valerie was 'three hours' from end