Pras Michel will be accused in Washington of contributing funds to pro-Obama organizations without disclosing their foreign origin — specifically Jho Low, who is accused of masterminding a massive diversion of cash from Malaysia’s 1MDB wealth fund — one of the people said. At least one other individual could be charged in connection to the matter, that person said.
The charges, as described, are an outgrowth of a sprawling Justice Department investigation into fraud and corruption at 1MDB, a wealth fund that was intended to promote economic development in Malaysia. It was instead treated like a massive slush fund by Jho Low, an adviser to Malaysia’s then-prime minister, Najib Razak, U.S. prosecutors have said.
Low has already been charged by prosecutors in New York, who are also investigating Goldman Sachs Group Inc., the investment bank that helped raise more than $6 billion for the fund. One former Goldman banker, Tim Leissner, has pleaded guilty to conspiracy charges involving bribery and money laundering. Another former Goldman banker, Roger Ng, agreed to be extradited from Malaysia to New York this week, where he faces similar charges.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
BUSINESS MAVERICK: Massmart: What Hayward’s resignation really saysWithout economic growth, South Africa’s retail sector will continue to tread water while cutting space and shedding jobs. Judge him, but there’s no denying that Massmart’s CEO held the reins at a very difficult time.
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Business Maverick: Trump Had Losses of $1.17 Billion Over a Decade: NYTPresident Donald Trump, who won the presidency in part on his image as a successful business mogul, lost $1.17 billion over 10 years on failed business deals, according to tax records obtained by the New York Times.
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Business Maverick: Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017Steinhoff has reported an operating loss at 3.7-billion euros vs restated profit 278-million euros, blaming writedowns for the loss. The assets are valued at 17.5-billion vs 32.2-billion in 2016 but says its on track to release 2018 results in June
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BUSINESS MAVERICK: Five post-election economic milestones to watchUnless the government adopts market-friendly economic policies that stimulate growth and job creation, the 2024 national election is likely to be a fraught affair. What are the five milestones that investors will take comfort from after the 2019 election? Insightful article. 👌
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