Bloomberg News reports that after one of the big sales led by Goldman Sachs, $5m of the cash raised for 1MDB travelled through shell companies and ended up in her Swiss bank account, the U.S. said in complaints filed last week.
The U.S. government refers to the official only as “1MDB Officer 3.” According to people familiar with the matter, she is Jasmine Loo Ai Swan -- a Malaysian who studied law in the U.K. and worked for a Malaysian developer and an oil firm before joining 1MDB.
The U.S. doesn’t accuse Loo or anyone else of crimes in its complaints, which instead seek to seize assets the government says were “unlawfully misappropriated” from the fund. Loo hasn’t responded to requests for comment placed over several months in Malaysia and at an apartment she owns in New York’s Flatiron district.
To access the complete Bloomberg News article hit the link below: