The US Justice Department is planning to announce multiple criminal charges related to a multibillion-dollar Malaysian sovereign-wealth fund scandal, including against two former Goldman Sachs bankers and Malaysian financier Jho Low, according to people familiar with the matter.
Tim Leissner, former partner for Goldman Sachs in Asia, is expected to plead guilty to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act, the people familiar said. He will forfeit $43.7m, they said.
