Richard Gnodde

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Malaysia charged 17 former and current Goldman-Sachs-Banker - including Richard Gnodde , the senior bankers in London - the anti-corruption investigations in his state development fund 1MDB and has provided.

Attorney General Tommy Thomas said prison sentences and fines would be sought against those charged.

Goldman Sachs contributed to the fact that the $6. 5 billion (£5. 4bn) by binding offers for 1MDB.

The Bank said it would "vigorously" defend the charges.

Mr Thomas: "liberty to the penalties and fines sought against the defendant. "

He said this was cheating because of the "severity of the scheme and fraudulent embezzlement of billions of bond proceeds that the long period in which the offences were planned and executed, The Number of Goldman Sachs ' subsidiaries, officers, employees and participating employers, and the relative value of fees and commissions paid to Goldman Sachs for its multiple roles played in the organization, structuring, underwriting and selling-the three bonds".

If convicted, the defendants face imprisonment of up to 10 years and fines of at least one million ringgit (£200,000).

In December last year, Malaysia a criminal complaint against Goldman Sachs and two former employees in connection with corruption and money-laundering investigations in the case of the Fund, which is being investigated in at least six countries.

"We believe that the charges announced today, together with those announced against three Goldman-Sachs-units, in December last year, are misguided and will be vigorously defended," a spokesman for Goldman said.

Among The Other persons designated by the Malaysia attorney-General Michael Sherwood , a former co-head of Goldman Sachs for the Europe business, and Michael Evans , a former partner, the now President of the Chinese e-commerce company Alibaba.

The fees for what is considered to be one of The World 's largest financial scandals.

US and Malaysian prosecutors have previously said that The Money went through The State funds into the pockets of a few powerful individuals and to buy luxury, real estate, private jet, Van Gogh and Monet works of art - and to Finance a Hollywood blockbuster, The Wolf of Wall Street , with Leonardo Dicaprio , who has not been accused of any bad behavior has been

actor Leonardo Dicaprio with Jho Low (right)

These charges are brought, under the in a section of the Malaysian Capital Markets and Services Act holds that certain senior executives responsible for all the offences may have committed.

In December, Malaysia's charges against Goldman Sachs and its former Banker Tim Leissner , and Roger Ng.

Mr. Leissner was Goldman, South East Asia , chairman and left The Bank in the year 2016. Mr. Ng is a Managing Director at Goldman Sachs until his retirement in may 2014.

At the time, lawsuits were also filed against the local financier Low Taek Jho, also known as Jho Low , who maintains his innocence, and the former 1MDB employees Jasmine Loo AI Swan.

Mr. Leissner has conspire pleaded guilty in the United States, to launder money and violation of laws against bribery.

The 1MDB state Fund was Set Up by the former Prime Minister , Najib Razak , in 2009. He was accused of pocketing $681m (£522 million) from the sovereign wealth Fund and.

1mdb corruption scandal, malaysia, banking, goldman sachs

Source of news: bbc.com