KUALA LUMPUR (Reuters) – Malaysian prosecutors on Monday said they would issue summonses to units of U.S. investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year. Soon after bein... More »
KUALA LUMPUR (Reuters) – Malaysia is seeking $7.5 billion in reparations from Goldman Sachs Group Inc (GS.N) over its dealings with scandal-linked state fund 1MDB, the Financial Times (FT) reported on Friday, citing the finance minister. Separately, Bloomberg ... More »
NEW YORK (Reuters) – Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with the sovereign wealth fund 1MDB, according to a message sent to employees obtained ... More »
WASHINGTON (Reuters) – A former U.S. Justice Department employee pleaded guilty on Friday to conspiring to deceive banks about millions of dollars in foreign lobbying funds, after he facilitated the financing of a lobbying campaign related to the U.S. investig... More »
(Reuters) – Malaysian officials investigating a multibillion-dollar corruption scheme linked to a Malaysian state fund and former Prime Minister Najib Razak plan to meet with U.S. officials in Washington, U.S. and Malaysian sources familiar with the plans told... More »
KUALA LUMPUR Malaysian state fund 1Malaysia Development Berhad (1MDB) on Sunday denied reports that it had provided funds to finance the 2013 Hollywood film The Wolf of Wall Street. The Wall Street Journal reported on Friday that global investigators believe m... More »
SINGAPORE Goldman Sachs’ (GS.N) senior investment banker and chairman of its Southeast Asia business Tim Leissner has left the bank, a spokesman said. Leissner helped arrange the sale of U.S. dollar bonds for Malaysian state investor 1Malaysia Development Bhd ... More »
KUALA LUMPUR Former Malaysian Prime Minister Mahathir Mohamad and some leaders of the ruling party jointly demanded resolution of the 1MDB state fund scandal on Monday and condemned a crackdown on dissent, signaling a divide within the coalition. Mahathir has ... More »
KUALA LUMPUR A Malaysian opposition party on Wednesday filed a civil suit against Prime Minister Najib Razak and indebted state fund 1Malaysia Development Berhad (1MDB), saying they had violated electoral rules and a new election should be held. 1MDB, whose ad... More »
KUALA LUMPUR Malaysian police raided the office of troubled state investment fund 1MDB on Wednesday, following a report that claimed investigators looking into the firm found nearly $700 million had been transferred to Prime Minister Najib Razak’s bank account... More »
