Wednesday, March 13, 2019

WSD-KL Updates on March 13

Today’s Tamil newspaper Makkal Osai mentions World Speech Day.

Besides, Universiti Tun Abdul Razak (UNIRAZAK), The Edge have joined us too for this year’s edition of WSD-KL. 

WSD-KL 2019 promises to be a day of engaging speeches and combined with engrossing workshops, it is bound to appeal to us all.

Well, actually, it's less than two days!

According to The New York Times, the US Federal Reserve announced lifetime bans for two former Goldman Sachs bankers over their roles in the 1MDB corruption scandal. 

The two are Tim Leissner and Malaysian Roger Ng, the latter of whom is awaiting extradition to the US to face criminal charges there. 

The Fed said Leissner did not contest the lifetime ban from working in the country’s financial industry. He was charged in the US on November 1 last year and pleaded guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act as well as agreeing to forfeit $43.7 million (RM178.7 million). 

Ng was charged in the US with participating in money laundering and bribery, and is currently detained in Malaysia where he will first be put on trial for offences here. 

Already, Goldman Sachs are accused of aiding fugitive financier Jho Low to defraud 1MDB during the issuance of over $6 billion in bonds.

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