The Department of Justice has initiated a grand jury investigation into Neville Roy Singham, a tech mogul based in Shanghai, for alleged financial crimes connected to the funding of Marxist and other left-wing groups in the United States over the past decade.

The investigation, which began several months ago and was authorized by Acting Attorney General Todd Blanche, is examining potential money laundering or other financial fraud. Prosecutors in the U.S. Attorney’s Office in Manhattan have issued subpoenas for bank records as part of the probe, according to a source familiar with the matter.

Treasury Secretary Scott Bessent has reportedly met with Goldman Sachs CEO David Solomon concerning the investigation. The philanthropic entity of Goldman Sachs, the GS Donor Advised Philanthropy Fund For Wealth Management, is alleged to have facilitated the transfer of Singham’s funds to U.S.-based groups. Reports indicate that approximately $285 million flowed from Singham through the Goldman Sachs fund and shell companies before reaching various nonprofits, media organizations, and activist groups.

Bessent has allegedly warned Goldman Sachs that the bank could face implications in a conspiracy involving Singham’s contributions if it does not cooperate with the Department of Justice's inquiry. David Solomon has reportedly agreed to cooperate with prosecutors.

Previously, it was reported that Singham, who is based in China, had also channeled over $15 million to radical social justice groups globally through a post office box in Chicago. In a November speech at the Global South Academic Forum in Shanghai, Singham advocated for a "new world order," referenced Mao Zedong's calls for "people's war" to spread communism, and characterized the United States as a "fascist" nation.

Singham amassed a significant portion of his wealth from the sale of his IT company, ThoughtWorks, for approximately $785 million to Apax Partners, a London-based private equity firm. Singham has been married since 2017 to Jodie Evans, the founder of the anti-war group CODEPINK.

Congressional Republicans have also been scrutinizing Singham's connections to CODEPINK, calling for its tax-exempt status to be revoked. These lawmakers allege that the group may have received funds from foreign adversaries and failed to use them for charitable purposes.

Representatives for the Department of Justice and the Treasury Department did not immediately respond to requests for comment.