Malaysian Authorities Look to Goldman Sachs for Answers Over 1MDB

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Malaysian authorities have charged Goldman Sachs regarding raising over USD $6 billion between 2009 and 2014 for the 1MDB sovereign fund, from which collectively billions of dollars were misused by Malaysian authorities and high-ranking associates.

It has additionally charged two ex-Goldman Sachs brokers, both of whom have just been prosecuted by the Department of Justice in the US. One of the men has admitted to committing tax evasion, effectively surrendering almost USD $44 million and a lifetime prohibition order while the other is being sent to the US for prosecution and trial. Goldman Sachs denies any negligence or bad behavior.