Seventeen former and current Goldman Sachs bankers have been charged in Malaysia over the corruption investigation at its state development fund 1MDB.
Attorney General Tommy Thomas said custodial sentences and criminal fines would be sought against those charged.
Goldman Sachs helped raise $6.5 billion through bond offerings for 1MDB.
The bank said it would “vigorously” defend the charges.
Tommy Thomas said in a statement: “Custodial sentences and criminal fines will be sought against the accused.”
According to the statement, this was because of the “severity of the scheme to defraud and fraudulent misappropriation of billions in bond proceeds, the lengthy period over which the offences were planned and executed, the number of Goldman Sachs subsidiaries, officers and employers involved and the relative value of the fees and commissions paid to Goldman Sachs for their multiple roles played in arranging, structuring, underwriting and selling the three bonds”.
If convicted, those charged could face prison sentences of up to 10 years and fines of at least one million ringgit ($238,000).
In December 2018, Malaysia filed criminal charges against Goldman Sachs and two former employees in connection with the corruption and money-laundering investigation at the fund, which is being investigated in at least six countries.
Among the other individuals named by Malaysia’s attorney general are Michael Sherwood, a former co-head of Goldman’s European operations, and Michael Evans, a former partner who is now president of Chinese e-commerce company Alibaba.
The charges related to what is being seen as one of the world’s biggest financial scandals.
US and Malaysian prosecutors have previously said that the money raised by the state fund went to line the pockets of a few powerful individuals and to buy luxury properties, a private jet, Van Gogh and Monet artworks – and to finance a Hollywood blockbuster, The Wolf of Wall Street, starring Leonardo DiCaprio, who has not been accused of any wrongdoing.
These charges have been brought under the under a section of the Malaysian Capital Markets and Services Act that holds certain senior executives responsible for any offences that may have been committed.
Former stockbroker Andrew Greene is suing the producers of Wolf of Wall Street for $25 million claiming he has been depicted as a “depraved” drug-fuelled criminal.
Andrew Greene has filed court papers in New York claiming the character Nicky “Rugrat” Koskoff is based on him.
He worked at Stratton Oakmont, the brokerage house founded by Jordan Belfort, played by Leonardo DiCaprio.
Paramount and Red Granite Pictures have not commented on the case.
Andrew Greene said his name was used in Jordan Belfort’s memoir, on which the film is based.
In the movie, Rugrat Koskoff – nicknamed for the toupee he wears – assumes significant control at Stratton Oakmont following Belfort’s resignation.
Andrew Greene is suing the producers of Wolf of Wall Street for $25 million claiming he has been depicted as a “depraved” drug-fuelled criminal
The role is played by actor PJ Byrne in the motion picture.
In the claim, Andrew Greene said he worked at Stratton Oakmont between 1993 and 1996 as the head of the firm’s corporate finance department and a member of the board of directors.
He alleges the film-makers – including director Martin Scorsese – changed the character’s name from “Wigwam” to “Rugrat”.
The papers, printed in The Hollywood Reporter, said: “The motion picture contains various scenes wherein Mr. Greene’s character is portrayed as a criminal, drug user, degenerate, depraved, and/or devoid of any morality or ethics.”
Andrew Greene has said he did not consent to his image, likeness and characterization being used in Wolf of Wall Street.
He has also claimed the movie contains libelous statements that have “permanently damaged” him by portraying him as a “criminal and drug user with misogynistic tendencies.
In one scene, the claim states, “investigators ask whether his hair is real. Characters are also seen attempting to grab the toupee.”
“Mr. Greene’s character is shown doing cocaine on company premises during business hours in another scene,” it adds.
TheWolf of Wall Street has been a major box office hit and has been nominated for five Oscars, including best picture and best actor for Leonardo DiCaprio.
The Hobbit: The Desolation Of Smaug has topped the US box office for a third week despite festive competition from The Wolf Of Wall Street.
The film took $30 million over the weekend, bringing its US total to $190 million.
Disney animation Frozen was at number two, switching places with Will Ferrell’s comedy Anchorman 2 at three.
Martin Scorsese’s Wolf of Wall Street was the biggest new release, at five.
Marking the director’s fifth collaboration with Leonardo DiCaprio, the black comedy is based on stock broker Jordan Belfort’s memoir of the same name.
The film took $19 million after opening at number two on Christmas Day with $9.15 million.
Analysts said it had suffered slightly due to its three-hour length – meaning it cannot be shown as many times in a day as its competitors.
The only other new entry in the top 10 was Keanu Reeves’ samurai film 47 Ronin, which weathered bad reviews to debut at number nine with $9.9 million.
Reuters reported that film company Universal had revised its profit estimates on Christmas Eve after it became apparent the film would not break even.
The Hobbit: The Desolation Of Smaug has topped the US box office for a third week despite festive competition from The Wolf Of Wall Street
With two days left to go, the North American Box Office is on track to beat last year’s record takings of $10.8 billion, said chart trackers Rentrak.
Rentrack estimated ticket sales would top $10.9 billion by the New Year, boosted by several award-friendly films in the Top 10.
Chief among them is American Hustle, which has already gained seven Golden Globe nominations.
Directed by David O. Russell, American Hustle stars Jennifer Lawrence and Bradley Cooper, who appeared in his Oscar-winning Silver Linings Playbook, alongside Amy Adams and Christian Bale, from the similarly-lauded Russell drama The Fighter.
North American box office Top 5:
1.Hobbit: The Desolation of Smaug – $30 million
2. Frozen – $28.9 million
3.Anchorman 2: The Legend Continues – $20.2 million