US indicts 1MDB’s Low, ex-Goldman banker; Tim Leissner pleads

Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia, on Friday, July 17, 2015. Photographer: Goh Seng Chong/Bloomberg

U.S. authorities indicted Malaysian financier Low Taek Jho and former Goldman Sachs banker Ng Chong Hwa on charges of conspiracy to launder billions of dollars in illegal proceeds from Malaysia’s 1MDB wealth fund, federal prosecutors in Brooklyn said.

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