Tuesday, March 19, 2019

Malaysia summons two Goldman Sachs units linked to 1MDB scandal

Malaysia summons two Goldman Sachs units linked to 1MDB scandalMalaysian prosecutors said Monday they will summon Goldman Sachs units in London and Hong Kong to appear at a June hearing of a case linked to corruption in state investment fund 1MDB. The Wall Street titan is accused of misleading investors in the case when it helped 1MDB raise $6.5 billion through a series of bond issues in 2012 and 2013. Malaysian authorities are seeking fines in excess of the $2.7 billion allegedly misappropriated from the bond issues as well as the $600 million Goldman earned in fees.




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