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The Wall Street Journal: 2 ex-Goldman bankers indicted by Justice Dept. in Malaysian 1MDB scandal

Two senior Goldman Sachs bankers allegedly paid bribes and stole and laundered money from a Malaysian sovereign-wealth fund, U.S. prosecutors said, putting the bank at the center of one of the biggest financial frauds in history.

Goldman partner Timothy Leissner, formerly its head of Southeast Asia, pleaded guilty to conspiring to launder money and violate foreign antibribery laws for helping siphon off billions of dollars from the fund, known as 1Malaysia Development Bhd, or 1MDB, according to filings unsealed Thursday.

Goldman managing director Roger Ng, and the alleged mastermind of the fraud, Malaysian financier Jho Low, were indicted on three counts of conspiring to violate foreign antibribery laws and launder money.

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