Malaysia Files Criminal Fraud Charges Against Goldman Sachs

In an unprecedented move that possibly foreshadows similar charges from the US DOJ - and lots of headaches for the "recently retired" Lloyd Blankfein - the Malaysian attorney general has filed criminal charges against Goldman Sachs - targeting two of the investment bank's Asian subsidiaries and two former Goldman bankers who have already been charged by the US (former Southeast Asia head Tim Leissner and banker Roger Ng), accusing the investment bank of violating the country's securities laws by lying in bond agreements for three deals that raised $6.5 billion for 1MDB, a Malaysian sovereign wealth fund formed under former Prime Minister Najib Razak that US authorities believe was looted for upwards of $4 billion by corrupt bankers and officials.

While authorities in Singapore, Switzerland and elsewhere had already filed criminal charges against various banks involved with the scandal last year, the first charges against Goldman and its employees over their involvement in the scandal materialized two months ago when the DOJ indicted Leissner and Ng.

Shortly after the indictments, media reports revealed that senior Goldman executives - most notably, former CEO Lloyd Blankfein - were involved with the transactions. Blankfein attended at least three meetings with either Razak or disgraced Malaysian financier Jho Low, the allegedly corrupt financier who was also indicted by Malaysian authorities on Monday, even inviting Low to a private sit down at Goldman's 200 West Street headquarters. While pursuing the deal, Goldman employees - including Blankfein - brushed aside concerns raised by the bank's compliance department, and allowed Low to function as an unofficial intermediary between the bank and the Malaysian government, despite the bank's compliance department warning that Low was not to be trusted. The DOJ is also reportedly looking into the role of other senior Goldman bankers.

In a statement to the Financial Times, Tommy Thomas, Malaysia’s attorney-general, alleged in a statement that Goldman received $600 million in fees for its role, a total that was "several times higher than the prevailing market rates and industry norms." Malaysia is demanding that Goldman forfeit all of the fees it was paid by the Malaysian government (which were paid at a higher-than-market rate to reflect certain "risks" related to the deal), as well as additional punitive money. While the DOJ has alleged that some $4.5 billion was stolen from 1MDB, Malaysian authorities are targeting $2.7 billion.

https://www.zerohedge.com/news/2018-12-17/malaysia-files-criminal-fraud-charges-against-goldman-sachs

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>>4345327

Munger: Goldman is the best bank

Good judgement.

>>4345367

>>4345329

>>4345327

“The criminal charges of this nature are grave, and it goes to the core of Goldman’s business as an investment bank,” said Nizam Ismail, a partner at RHTLaw Taylor Wessing LLP in Singapore. “If the outcome of the case results in a criminal conviction against the bank, there are potentially severe reputational and financial risks to the bank, as well as the bank’s standing as a licensed financial institution with regulators worldwide.”

The Federal Reserve, meanwhile, is ramping up an investigation into how executives dodged the bank’s internal controls while helping Malaysian authorities raise the money, people briefed on the matter said last month. The probe examines the actions of Goldman Sachs as well as individuals and has been gaining momentum, the people said, asking not to be identified because the inquiry is confidential.

And two Abu Dhabi funds, International Petroleum Investment Co. and Aabar Investments have sued Goldman Sachs in a civil suit in New York, seeking damages for alleged fraud in connection with embezzlement at 1MDB.

Seems like the regulatory authorities and even the Federal Reserve and the big funds have all turned against Goldman Sachs. Now this gets interesting…

Secret head of world finance, Cardinal Pell, fired and big changes coming

Last week Cardinal George Pell was found guilty of sexually abusing children by an Australian court and was subsequently fired by Pope Francis because he was “elderly.”

https://www.americamagazine.org/faith/2018/12/12/cardinal-pell-top-advisor-pope-francis-found-guilty-historical-sexual-offenses

This is huge news in the secret world of finance, because Pell was the person in charge of financial matters at the Vatican and thus was a secret controller of most world government leaders, P2 Freemason and CIA sources say. This is because when most world rulers take power, they get a visit from an official of the Vatican Bank who hands them a bank book with an astronomical number written in it (a billion dollars or more for big countries; less for smaller countries). They are then told, “Welcome to the world of the rich,” and are gently reminded that if they refuse to accept the money they will be “removed.”

This is the choice of silver or lead that has allowed the Vatican P2 Freemason Lodge, run by descendants of the Caesars, to secretly rule most world governments. The 200 leaders who last week affirmed the fraudulent “carbon causes global warming” agreement are all slaves of this system, P2 Freemason and CIA sources agree.

https://www.vox.com/energy-and-environment/2018/12/14/18139402/cop24-climate-change-katowice-poland

Thus, the removal of the head of this secret control system will have huge repercussions for world finance and politics, depending on who is selected to replace him, and also depending on whether or not this secret system will be allowed to continue.

On that front, another huge news item (still not fully confirmed because it only comes from one royal family source) is that a new head of the Committee of 300, the secret government of the 13 ruling bloodline families, will take power next year. This means Queen Elizabeth will be handing the committee reins to a younger person (hint: not Charles and not William).

With this caveat in mind (i.e., only one source), here some excerpts from a statement by the soon-to-be-appointed new committee head: “The 13 ruling bloodlines and I have had enough of this world and the minions charged with its curation. All Sovereign Heads of State and all respective governments fired. Ordo ab Chao.”

The source also said, “Sir Alexander Younger at MI6 is already briefed, along with the Queen in London and the Emperor in Tokyo,” about this development.

The statement further read that, “The Habsburg dynasty and spin-offs—most criminally psychopathic—have …

Anyone has the rest of this article?

>>4345463

>>4345469

>>4345470

Great. Thank you!

>>4345834

why are you chronicling the markets movement every few mins or so?

>>4345898

Goldman Sachs was formed by the Hivites, according to ebot.

>>4345936

well just curious of your intention since you do it frequently and people follow the markets / money for different reasons. i know you've been posting for months…

>>4346000

it's interesting that we are entering a period where the wall st people are probably more frustrated / confused with the markets than us..