Ex-Goldman banker's 1MDB loot bought $27,000 hourglass, diamonds

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NEW YORK - An FBI agent told a jury how he traced US$35 million siphoned from 1MDB, diverted to a Goldman Sachs banker and used to buy a US$20,000 gold-plated hourglass and US$300,000 in diamond je

wellery.

As the US begins to wrap up its case after five weeks of testimony, prosecutors called Mr Fern to describe how Malaysian financierand now a fugitive in the case - drew off hundreds of millions of dollars from 1MDB bond deals to pay bribes to officials in Malaysia and Abu Dhabi as well as kickbacks to Goldman bankers who helped him. Goldman arranged the bond deals.and Low in the scam.

 

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