The US Department of Justice (DOJ) has charged Taek Jho, known as Jho Low, on multiple criminal offenses related to the 1MDB scandal.
The fugitive businessperson was charged in absentia with conspiring to launder billions of dollars from the Malaysian sovereign wealth fund and conspiring to violate the American Foreign Corrupt Practices Act (FCPA), a statement from DOJ said.
Also charged was another ex-Goldman banker, Roger Ng, who had worked for Goldman in Southeast Asia.
Ng, whose full name is Ng Chong Hwa, was also charged with conspiring to launder billions of dollars embezzled from 1MDB and conspiring to violate the FCPA by paying bribes to various Malaysian and Abu Dhabi officials, said the statement.
“Ng was arrested earlier today in Malaysia pursuant to a provisional arrest warrant issued at the request of the United States. Low remains at large,” announced the DOJ.
However, the DOJ said, the charges do not mean the two defendants (Low and Ng) are guilty.
“The charges in the indictment as to Low and Ng are allegations and those defendants are presumed innocent unless and until proven guilty.”