Jho Low denies wrongdoing after US charges over 1MDB

Jho Low contacted Mahathir's adviser last week to seek immunity: Report

Jhlo Low, ex-Goldman bankers accused of laundering billions in stolen funds

He was an associate of Malaysia's former leader Najib Razak, whose government lost power in May in large part due to allegations that the then premier was involved in the vast fraud.

Prosecutors say Low, Ng, and Leissner conspired to launder the proceeds of fraud involving 1MDB through the USA financial system.

According to the indictment against him, Low never held a formal position with the fund but he worked as an intermediary in numerous 1MDB transactions involving Goldman and others.

"Mr Low simply asks that the public keep an open mind regarding this case until all of the evidence comes to light, which he believes will vindicate him".

Charges were filed in Malaysia in August against Low. Mr. Ng was arrested on Thursday in Malaysia, authorities said. Mr.

Gerrard fears Rangers sack if silverware drought continues
Captain James Tavernier has offered an apology to the Rangers support after his side's latest Hampden nightmare. The Rangers manager is still hurting from Sunday's 1-0 defeat to Aberdeen in the Betfred Cup.

Mr Daim said Low, whose full name is Low Taek Jho, has been requesting for many things, including a meeting with him and Dr Mahathir.

Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund's flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. Prosecutors from the Justice Department's money-laundering and asset-recovery division also played an active role in the foreign bribery investigation. Also charged was Jho Low, the Malaysian financier whom prosecutors have depicted as being a mastermind of a scheme to misappropriate money from the Malaysian sovereign wealth fund.

Also charged was a former Goldman Sachs banker, Tim Leissner, who pleaded guilty to money laundering conspiracy and to conspiring to violating foreign bribery laws. It has seized 240 million Singapore dollars ($180 million) of property and cash and says about half of that belonged to Low and his immediate family.

According to prosecutors, the investment bank generated about $600 million in fees for its work with 1MDB, which included three bond offerings in 2012 and 2013 that raised $6.5 billion. Both deny any wrongdoing.

Leissner acknowledged paying millions of dollars in bribes and kickbacks to government officials in Malaysia and Abu Dhabi, according to court records.

Broncos May Be Entering Rebuild Mode After Demaryius Thomas Trade
Texans in Denver was going to be an interesting Week 9 game without the storyline of Demaryius Thomas' quick return to Mile High. The Broncos acquired a fourth-round draft pick from the Texans and the teams will also swap seventh-round picks.

Since being ousted, Najib has been hit with a barrage of charges linked to the scandal.

At least six countries, including Malaysia, the United States and Switzerland, have been investigating alleged thefts from 1MDB.

Numerous charges - multiple counts of corruption, money laundering and criminal breach of trust - are linked to 1MDB.

Najib and Mohamad Irwan Serigar Abdullah, the former treasury secretary-general, pleaded not guilty to misappropriating government funds between December 2016 and December 2017.

An attorney for Najib, Shafee Abdullah, dismissed the latest charges as "foolish".

Belgian club postpones match over Leicester chair death
Leicester have yet to set a new date for their rearranged cup tie with Southampton , but hope to make an announcement "in due course".

Latest News