Goldman Sachs Pleads Not Guilty In 1MDB Case
Money & Banking
PTI
Kuala Lumpur |
Updated on
February 24, 2020
Published on
February 24, 2020
Three units of Goldman Sachs pleaded not guilty on Monday in Malaysia over the investment bank’s alleged role in the multi-billion-dollar scandal at the country’s sovereign wealth fund 1MDB. Huge sums were allegedly looted from the Malaysian fund in a globe-spanning fraud, which reportedly involved ex-leader Najib Razak and his inner circle.
Goldman’s role has been under scrutiny as it helped arrange a series of bond issues worth $6.5 billion for the investment vehicle. In 2018, Malaysia filed charges against the units – Goldman Sachs International, Goldman Sachs (Asia), and Goldman Sachs (Singapore).
They were accused of giving false statements that led to large sums being misappropriated in relation to the bond issues.
Published on
February 24, 2020
PTI
Kuala Lumpur |
Updated on
Three units of Goldman Sachs pleaded not guilty on Monday in Malaysia over the investment bank’s alleged role in the multi-billion-dollar scandal at the country’s sovereign wealth fund 1MDB. Huge sums were allegedly looted from the Malaysian fund in a globe-spanning fraud, which reportedly involved ex-leader Najib Razak and his inner circle.
Goldman’s role has been under scrutiny as it helped arrange a series of bond issues worth $6.5 billion for the investment vehicle. In 2018, Malaysia filed charges against the units – Goldman Sachs International, Goldman Sachs (Asia), and Goldman Sachs (Singapore).
They were accused of giving false statements that led to large sums being misappropriated in relation to the bond issues.
Published on
USAA Named One Of Fortune Worlds Most Admired Companies™ For 10th Consecutive Year
Association recognized by wider business community in annual All-Star list of Top 50 companies Read more
USAA Appoints Retired Army General Bryan P. Fenton, Former Commander Of U.S. Special Operations Command, To Board Of Directors
Jan 28 2026 SAN ANTONIO – Jan. 27, 2026 – USAA today announced that retired Army Gener... Read more
USAA Readies Financial Assistance For Impacted Members Ahead Of Potential Government Shutdown
Jan 28 2026 SAN ANTONIO – After issuing nearly $450 million in financial relief to more ... Read more
Gen X Vs. Millennial Parents: New USAA Data Reveals Differences In Early Financial Behaviors For Gen Alpha
San Antonio, TX – JANUARY 13 – While Gen Z (born between 1997 and 2009) is under a constant microscope ... Read more
USAA Members Benefit From ~$3.7 Billion In Financial Rewards In 2025
Record Amount Underscores Association’s Commitment to Military Families Read more
USAA Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more