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Report: Two men linked to Low, 1MDB, fail to control bank in Mauritius
Published:  Nov 8, 2017 10:30 AM
Updated: 6:35 AM
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Two men with links to billionaire financier Jho Low  launched a bid last year to buy a controlling stake in a bank in Mauritius, but it failed, according to The Wall Street Journal (WSJ).

Former Goldman Sachs Group Inc partner Tim Leissner, who had been the primary Goldman executive to handle the bank’s 1MDB account, and Thai businessman Phengphian Laogumnerd, identified as a friend of Low, had worked together in the effort to buy Qatari-owned Century Banking Corp of Mauritius, WSJ reported.

The report said their attempt was made several months after the United States Department of Justice (US DOJ) had in its July 2016 civil asset-forfeiture lawsuit stated that Low was involved in diverting 1MDB funds and at times used small banks to help launder the money.

WSJ quoted sources briefed about the action, who said that the central bank of Mauritius had blocked the attempt and notified the US Federal Bureau of Investigation (FBI) about the duo's bid as there were concerns about a possible connection between Leissner and the 1MDB scandal.

Malaysiakini is unable to independently verify the WSJ report...

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