Goldman Sachs, 1MDB, and Malaysia are linked to a global corruption scheme involving the misappropriation of funds routed through JPMorgan in Switzerland and involving Jho Low.
6 reports, 3 independent
Updated Jul 3
Gone quiet
- Reports
- 6
- Developments
- 3
- Repetition
- 83%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Goldman Sachs, 1MDB, and Malaysia are linked to a global corruption scheme involving the misappropriation of funds routed through JPMorgan in Switzerland and involving Jho Low.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The 1MDB scandal involves the alleged fraud siphoning funds from 1MDB, a former state-owned entity of Malaysia, implicating Goldman Sachs, with a luxury seaside villa in Cyprus now under auction.Sub-event
- Jho Low allegedly sought talks in Malaysia, prompting a response from Liew Chin Tong regarding the reports.Sub-event
GS, 1MDB, and Malaysia implicated in global corruption scheme involving JPMorgan and Switzerland.1 source
Keep exploring
The entities involved
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Goldman Sachs
American investment bank
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1Malaysia Development Berhad
insolvent development company embroiled in scandals
Nothing else this week.
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Malaysia
country in Southeast Asia
Related events
- The 1MDB scandal involves the alleged fraud siphoning funds from 1MDB, a former state-owned entity of Malaysia, implicating Goldman Sachs, with a luxury seaside villa in Cyprus now under auction.
- Both JPMorgan Chase and Goldman Sachs were subpoenaed regarding fund lending.
- Fund losses at Tabung Haji have led to ministerial scrutiny and individuals are accused of causing fund transfers leading to prosecution.
Coverage
Newest first; wire copies grouped- cbsnews.com
- spacedaily.com
- The Wall Street JournalJPMorgan to Pay $330 Million Over 1MDB Transactions JPMorgan Chase will pay $330 million to settle claims that it facilitated transactions in the looting of a Malaysian sovereign-wealth fund, one of