Jho Low reiterates innocence as Malaysia files criminal charges against Goldman Sachs

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KUALA LUMPUR (Dec 17): Low Taek Jho or Jho Low — the fugitive financier at the centre of the 1Malaysia Development Bhd (1MDB) debacle — has again maintained his innocence, following the Malaysian government’s move to file criminal charges against three subsidiaries of Goldman Sachs Inc.

“Mr Low maintains his innocence. As has been stated previously, Mr Low will not submit to any jurisdiction where guilt has been predetermined by politics and there is no independent legal process,” said a spokesperson of Low, through Low’s attorneys, in a statement today.

“It is clear that Mr Low cannot get a fair trial in Malaysia, where the regime has proven numerous times that they have no interest in the rule of law,” said the spokesperson.

Earlier today, charge sheets were filed in a Kuala Lumpur court primarily targeting Goldman Sachs International (UK), which had arranged the sale of three bonds – two in 2012 and one in 2013.

Two other Goldman units – Goldman Sachs (Singapore) Pte and Goldman Sachs (Asia) LLC – were charged with abetting Goldman Sachs International in the omission of material information and the publishing of untrue statements in offering circulars for the bonds.

Charges were also filed against Low, ex-1MDB general counsel Jasmine Loo Ai Swan and former Goldman executive Timothy Leissner for abetting Goldman Sachs International.

The three bonds comprise a 10-year US$1.75 billion issuance by 1MDB Energy Ltd, a 10-year US$1.75 billion issuance by 1MDB Energy (Langat) Ltd and a 10-year US$3.0 billion issuance by 1MDB Global Investments Ltd.