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Former CEO of Goldman Sachs meets the man in the center of a Malaysian scandal

Lloyd Blankfein, former CEO of Goldman Sachs, met the businessman in the midst of the massive money scandal of the 1MDB Malaysian public investment fund with regard to former Prime Minister Najib Razak, said Friday to AFP a source close to the stock.

The US Department of Justice has indicted three people in this case on November 1 and refers to a "# & # 39;" senior official & # 39; in one of the documents in our file.

This person, who reportedly met the Malaysian financier Low Taek Jho at a meeting in New York in 2009, is Mr Blankfein, the source said to confirm information from the Financial Times.

Contacted by the AFP, Goldman Sachs, who saw so many years trying to restore the image of the bank's powerful first interests to restore that of its customers, did not want to comment.

The two men met in November 2009 at a meeting hosted by former Malaysian Prime Minister Najib Razak at his New York hotel during a visit to the United States, the source said. required anonymity.

The private reception, which was kind of outreach, came a few weeks after Mr. Najib founded the Malaysian public investment fund 1Malaysia Development Berhad (1MDB) to modernize Malaysia.

She laid the foundation for a commercial relationship between the prestigious investment bank and the government, the source added on condition of anonymity.

– Discussions next week –

Low Taek Jho, also known as Jho Low, is accused by the American authorities of joining two former Goldman Sachs bankers, Tim Leissner and Ng Chong Hwa, for $ trillions & # 39; white wash that has allegedly been diverted from 1MDB.

The US authorities blame Tim Leissner, who led Goldman Sachs in Southeast Asia, and his Malaysian colleague Ng Chong Hwa for violating US anti-corruption laws (FCPA) in the exercise of their duties. or by promising bribes to Malaysian and Abu Dhabi officials to hold Goldman Sachs as a consulting bank in & # 39; lucrative & # 39; deals.

The three men, according to the US Department, participated in a "conspiracy", which allowed them to derive $ 2.7 billion from 1MDB in the form of retrocommissions in three bond issues in 2012 and 2013 of a total of $ 6.5 billion.

Goldman Sachs was mandated to organize these transactions and received commissions of approximately $ 600 million.

Blankfein did not know Low and did not know that he would attend the meeting of November 2009, attended by other bankers of Goldman Sachs and the Najib area, according to the source. The subjects dealt with were broad.

Blankfein, who handed over the operational reins of Goldman Sachs to investment bank David Solomon on 1 October, would also meet Low on 25 September 2013 as part of a conference organized by the Malaysian Prime Minister on Friday. the UN General Assembly in New York, AFP told another source.

But Mr. Low, who was on the guest list, was finally absent.

This raid, which was held at the Time Warner Center on 59th Street at the Central Park entrance in the heart of Manhattan, brought together private equity firms such as Bain Capital and TPG with the "Investing in Malaysia" theme. says the source. Lloyd Blankfein was the moderator.

David Solomon on Wednesday "worrying" accusations of corruption and money laundering against the two former employees of the bank.

The bank is under criminal investigation by the US Department of Justice and says it cooperates. Bank attorneys are scheduled to meet next week in Washington, the federal capital, research officials, told AFP a source close to the investigation.

It is difficult at this stage to say whether an amicable settlement is possible. The company has already warned that the various investigations into this case may lead to "the imposition of fines and substantial penalties and other fines."

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