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Also under scrutiny by the FBI and DOJ was the role of global investment bank Goldman Sachs in alleged money laundering and corruption. [257] [258] [259] The FBI probed the connection between Najib and a regional top executive of Goldman Sachs, and the nature of the latter's involvement in multibillion-dollar deals with 1MDB. [260]
July 24: Malaysia reaches a $3.9bn settlement with US investment bank Goldman Sachs, agreeing to drop its criminal investigation into the bank's role in the 1MDB scandal. [165] July 30: Najib Razak has filed an appeal against his 12-year jail sentence and RM210 million fine conviction in the RM42 million SRC International corruption case. [166]
Goldman Sachs <GS.N> will pay $3.9 billion to settle Malaysia's criminal probe over the U.S. investment bank's role in the multibillion-dollar 1MDB scandal, closing a key front in the multi ...
An estimated $4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates between 2009 and 2014, the U.S. Justice Department has alleged.
Malaysia authorities charged the bank and two former Goldman employees in connection with an investigation into suspected corruption and money laundering related to the scandal. Attorney General ...
A former Goldman Sachs banker was convicted Friday of bribery and other corruption charges accusing him of participating in a $4.5 billion scheme to ransack the Malaysian state investment fund ...
Goldman Sachs Malaysia, a unit of the Wall Street investment banking group, on Thursday pleaded guilty to U.S. Department of Justice charges over its role in Malaysia's 1MDB corruption scandal, as ...
The scandal dates to the government of former Malaysian Prime Minister Najib Razak, which set up the 1MDB fund in 2009. The Justice Department estimated $4.5 billion was misappropriated by high ...