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Blankfein Was “Mystery” Goldman Exec Present During 1MDB Meeting Noted By DOJ

Posted By: xenoverse
Date: Thursday, 8-November-2018 20:07:16


Blankfein Was “Mystery” Goldman Exec Present During 1MDB Meeting Noted By DOJ
http://silveristhenew.com/2018/11/08/blankfein-was-mystery-goldman-exec-present-during-1mdb-meeting-noted-by-doj/

Last week, the DOJ filed the first round of criminal charges related to the massive international fraud that was the 1MDB scandal.

US prosecutors alleged that more than $4.5 billion was embezzled from the sovereign wealth fund, which was set up by the government of disgraced former Prime Minister Najib Razak, eventually leading the ransacked government fund to a default on nearly $2 billion of local currency bonds, briefly denting the value of the Malaysian ringgit. Holders of those bonds are still working on a restructuring deal with the fund.

Meanwhile, former Goldman Sachs Southeast Asia Chief Tim Leissner has pleaded guilty to fraud charges and is expected to cooperate with authorities against other more-senior officials at the bank. One of his fellow bankers, Roger Ng, was arrested by Malaysian police and is expected to be extradited to the US, although as we reported this morning, Ng is fighting said extradition (for a full breakdown of the latest events, see this post).

What was perhaps even more curious about the DOJ complaint, was the reference of a “senior Goldman official” who was instrumental and involved in Goldman’s establishing of close ties with both 1MDB and the Razak government, ties which would eventually allow Goldman to issue $6 billion in three issue in bonds underwritten by Goldman which netted $600 million in fees for the bank.

And, as we added over the weekend, all of this is happening at a terrible time for Goldman” which recently underwent a leadership transition, with longtime former CEO Lloyd Blankfein handing the reins to John Solomon, who is best known for moonlighting as a DJ.

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Easter Bunny, Jesus Jerky on a Gone Dead American Train
https://www.youtube.com/watch?v=aPsUCn54bJQ

Blankfein Was “Mystery” Goldman Exec Present During 1MDB Meeting Noted By DOJ


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