Tag: goldman sachs

Suspicion of 1MDB corruption did not stop Goldman Sachs officials lured by cash pile

A class action by shareholders brings new accusations and evidence from senior witnesses within Goldman Sachs who willing to testify that top officeholders knew about the corruption problems at 1MDB. But the top officials pushed the deal because of the money it made for the...

Blogger asks why Malaysian and US DOJ prosecutors not collaborating in SRC-1MDB trial

A Malaysian blogger says there is a lack of cooperation between local prosecutors and the US Department of Justice or DOJ in the 1MDB scandal. The blogger, Gunesh Sahathevan says there is a disturbing lack of cooperation given the fact the Malaysian prosecution team is...

Goldman Sachs executives face corruption charges in 1MDB case in Malaysia

Facing charges that carry a maximum jail term of 10 years and a minimum £100,000 fine in Malaysia are Richard Godde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd and a former director at Goldman Sachs (Asia) LLC,...

Malaysian court delays Goldman case on 1MDB fund theft

The Malaysian case against Goldman Sachs on charges the US investment bank stole huge sums from the country's 1MDB state fund was postponed Monday until September after defence lawyers argued there was a problem with paperwork. Malaysia filed criminal charges against three units and two...

Jho Low on 1MDB scandal, ‘I’m innocent’

Low Taek Jho, more familiarly known as Jho Low, the central figure in Malaysia’s 1Malaysia Development Berhad (1MDB), has declared his innocence in the midst of criminal charges in connection to 1MDB filed this week against US finance giant Goldman Sachs. Since Low, a Malaysian...

Anwar demands Goldman Sachs repay S$826 million and more from 1MDB scandal

In an interview with the Financial Times on Wednesday, November 28, Anwar Ibrahim, Parti Keadilan Rakyat (PKR) president, said that Goldman Sachs, the American investment bank involved in the 1MDB scandal must return “significantly more” than the S$826.59 million that the bank collected in...

Mauritius next in line in DOJ 1MDB probe?

With reports that the US Department of Justice (DOJ)- which is looking into the role of Goldman Sachs Group's in raising almost US$6 billion (S$8.3 billion) for Malaysia's 1MDB investment fund - is asking questions about money flowing through accounts linked to Tim Leissner, a surprise...

Rights ligitation firm starts 1MDB investigations in the US

Scott+Scott, Attorneys at Law, LLP (Scott+Scott) said it has commenced an investigation into the 1MDB Global Investments' private bond offerings in the United States. The private bonds offerings are “OGIMK 4.4” maturing on 3/9/2023 and “TIAMK 5.99” maturing on May 11, 2022. Scott+Scott is a national...

Singapore bans Tim Leissner for 1MDB-related breaches

The Monetary Authority of Singapore (MAS) has issued a 10-year Prohibition Order (PO) against Tim Leissner, a former director of Goldman Sachs (Singapore) Pte (GS S’pore). MAS said in December 2016, MAS served notice of its intention to issue a PO against Leissner and invited him...

WSJ ADMITS MISTAKE BUT DID NAJIB JUMP THE GUN

In an article on Goldman Sachs Group Inc being probed by US investigators for misconduct, Wall Street Journal alleged the group wired US$3billion to a bank in Singapore. The proceeds were from a 1MDB bond staged by Goldman. However, after the Monetary Authority of Singapore...