Ex-Goldman Sachs banker gets 2 years in prison for plot to fleece billions from Malaysia's 1MDB fund
Read full article: Ex-Goldman Sachs banker gets 2 years in prison for plot to fleece billions from Malaysia's 1MDB fundA former Goldman Sachs banker has been sentenced to two years in federal prison for his role in a $4.5 billion scheme to ransack a Malaysian state investment fund.
Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's premature
Read full article: Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's prematureThe Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund.
Ex-Goldman banker testifies 1MDB scheme a 'house of cards'
Read full article: Ex-Goldman banker testifies 1MDB scheme a 'house of cards'A former top banker at Goldman Sachs has testified that he and other corrupt executives at the firm built a “house of cards” to try to conceal an audacious scheme to ransack a Malaysian state investment fund.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/NPE2J55U2ZB5ZCWT4OF6BPNA24.jpg)
Goldman Sachs subsidiary pleads to US charges in 1MDB probe
Read full article: Goldman Sachs subsidiary pleads to US charges in 1MDB probeGoldman Sachs Malaysia entered the plea in federal court in Brooklyn. The penalties also include roughly $600 million in profits Goldman made off the 1MDB scandal that it will have to disgorge. Goldman Sachs' board of directors decided to claw back pay and bonuses from top executives, including current CEO David Solomon and former CEO Lloyd Blankfein. Two Goldman Sachs executives have also been personally charged for fraud. The Department of Justice bought similar charges against Low Taek Jho, a Malaysian national with close relations to the then Malaysian ruling party who was the central player in the 1MDB fund.
