EFTA02466190.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, April 4, 2016 4:15 PM To: Kathy Ruemmler Subject: Re: i suggest you tell them that paul weiss plus one oth=r firm offered you 6 million a year for 3 years. . =C20 you believe there are creative ways, if they would like to0=A0 try to match, on another note. panama pap=rs are very well done. old school On Mon, Apr 4, 2016 at 11:4= AM, Kathy Ruemmler > wrote:<=r> Sent from =y iPhone Begin forwarded message: From: Date: April =, 2016 at 11:43:48 AM EDT To: Edmond de Rothschild Bank Cooperating With =uxembourg 1MDB Probe</=> The Wall Street Journal Online Publish Date: Mar 31, 2016 =:00 PM The Luxembourg unit of Edmond de Rothschild Group, a private bank =hat manages money on behalf of wealthy clients, said it is "cooperati=g" with an official investigation of money that may have flowed from = Malaysian government investment fund at the center of various world-wide corruption probes. The fund, 1Malaysia Development Bhd., was establish=d by Malaysian Prime Minister Najib Razak in 2009. The office of Luxe=bourg's state prosecutor said Thursday that it is investigating whethe= hundreds of millions of dollars sent to an account at a bank in Luxembour= originated from 1MDB. "Edmond de Rothschild Europe is actively coo=erating in the judicial proceedings," a spokeswoman for the bank told=The Wall Street Journal. An official at the Luxembourg justice department =eclined to comment on the identity of the bank in question. Malaysia's 1MDB Decoded EFTA_R1_01574612 EFTA02466190 The Luxembourg investigation widens probes of 1MDB =lready under way by authorities in Switzerland, Malaysia, Singapore, Hong =ong and Abu Dhabi. Swiss authorities said in January that 1MDB-related losses from misappropriation could reach $4 billion. The=Luxembourg prosecutor said its case was connected to the investigation in =witzerland. 1MDB was created to invest in local energy and real=estate projects to boost the Malaysian economy. The fund amassed $11 billi=n in debt which it has struggled to repay. Last July, The Wall Street Journal reported that almost $700 million was transferred =o Mr. Najib's bank accounts via a web of entities, money which investi=ators believe originated with 1MDB. 1MDB has denied sending money to Mr. N=jib's accounts and denied wrongdoing and said it is cooperating with probes. Edmond de Rothschild Group had (EURO)150 billion ($=70.8 billion) of assets and 2,700 employees as of June 30. The bank was st=rted by Edmond de Rothschild in Paris in 1953. Benjamin de Rothschild succeeded his father as head of the group in 1997. Last year= Benjamin appointed his wife, Ariane, chairwoman of the executive committe=. The Luxembourg prosecutor said in a statement Thurs=ay that its inquiry is focused on the movement of funds through a number o= accounts of offshore companies in Singapore, Switzerland and Luxembourg. The investigation centers on the flow of 1MDB money relate= to two bonds the fund issued in May and October 2012. 1MDB, in a statemen=, said it had not been contacted by authorities in Luxembourg.</=> The Luxembourg prosecutor didn't give details o= the bonds but appears to refer to two bonds that Goldman Sachs Group Inc.=sold for 1MDB in May and October 2012, raising a total of $3.5 billion. A spokesperson for Goldman Sachs declined to comment.=u> Separately, The U.S. Department of Justice has aske= banks including Deutsche Bank AG and J.P. Morgan Chase & Co. for docu=ents related to their interactions with 1MDB, according to people familiar with the matter. Officials from the department traveled to=Kuala Lumpur recently to interview the banks, the people said. Neither is = focus of the Justice Department's probe, they added. The Department o= Justice and 1MDB didn't immediately respond to requests for comment. Deutsche Bank, as 1MDB's banker, was involved i= sending $1 billion of the fund's money out of the country in 2009, ac=ording to documents that form part of a probe into 1MDB by Malaysia's auditor general. The money was meant for a joint venture between 1MDB and = Saudi oil company, but $700 million of the total instead ended up being t=ansferred to another company, the documents show. What happened to the fun=s is unclear. J.P. Morgan was the banker for 1MDB's joint venture with the Saudi company. Both J.P. Morg=n and Deutsche Bank declined to comment. Tom Wright in Hong Kong and Yantoultra Ngui in Kual= Lumpur also contributed to this article. Related Coverage * Special Coverage: Malaysia Corruption Scandal, 1M=B & Najib Razak Latest News * 1MDB Probe Shows Malaysian Leader Najib Spent Mil=ions on Luxury Goods (March 30) * Malaysia Panel Advises Continuing Probe of Money =ransfers Into Najib's Accounts (Feb. 24) * Swiss Prosecutors Investigating 1MDB Say Malaysia=Funds Were Diverted (Jan. 30) * 1MDB and the Money Network of Malaysian Politics =Dec. 28) Write to Simon Clark at <=p> 2 EFTA_R1_01574613 EFTA02466191 Copyright 2016 Factiva I", from Dow Jones All R=ghts Reserved Harvest Date: Apr 01, 2016 12:23 PM Industry: Private Banking (78%), Ban=ing & Finance (89%), Sovereign Wealth Funds (72%), Development Banks (90%)= Bonds (89%), Real Estate (72%) Subject: Investigations (90%), Economic Stimulus (71%), Corruption (=8%), Justice Departments (89%), Misappropriation (73%), Sovereign Wealth Kathryn H. Ruemmler=/b> LATHAM & WATKINS LLP Washington, D.C. 20004-1304 Direct Dial: Fax: Email: <http://www.lw.com> This email may contain mat=rial that is confidential, privileged and/or attorney work product for the=sole use of the intended recipient. Any review, reliance or distribu=ion by others or forwarding without express permission is strictly prohibi=ed. If you are not the intended recipient, please contact the sender=and delete all copies. Latham & Watkins LLP =C24, please note The information contained in this co=munication is confidential, may be attorney-client privileged, may c=nstitute inside information, and is intended only for the use of the ad=ressee. It is the property of JEE Unauthorized use, disclosure or co=ying of this communication or any part thereof is strictly prohibitedand may be unlawful. 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