Begin typing your search above and press return to search.

Malaysia Charges Goldman Sachs Over 1MDB Scam

Malaysia Charges Goldman Sachs Over 1MDB Scam

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  18 Dec 2018 5:14 AM GMT

Kuala Lumpur: Malaysian authorities on Monday filed criminal charges against Goldman Sachs bank and two former employees in connection with the 1MDB state investment fund scandal.

Malaysia filed the charges against Goldman Sachs and its former bankers Tim Leissner and Roger Ng, reports the BBC.

Leissner served as Goldman’s South East Asia chairman, and left the bank in 2016. Mr Ng was a managing director at Goldman until his departure in May 2014. Malaysia has also brought charges against former 1Malaysia Development Bhd (1MDB) employee Jasmine Loo and financier Jho Low.

Malaysia’s attorney general Tommy Thomas said in a statement: “The charges arise from the proceeds of three bonds issued by the subsidiaries of 1MDB, which were arranged and underwritten by Goldman Sachs.” (IANS)

Also Read: Business News

Next Story
Jobs in Assam
Jobs in Rest of NE
Top Headlines
Assam News