BBC Online :
Malaysia has filed criminal charges against Goldman Sachs and two former employees in connection with a corruption and money laundering probe at the country’s investment fund, 1MDB.
The US bank has been under scrutiny for its role in helping to raise funds for the 1Malaysia Development Bhd (1MDB). It is being investigated in at least six countries.
Goldman Sachs called the charges “misdirected” and said it would “vigorously defend them”.
“The firm continues to co-operate with all authorities investigating these matters,” the bank added.
Malaysia filed the charges against Goldman Sachs and its former bankers Tim Leissner and Roger Ng.
Mr 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.
Last month, Mr Leissner, Mr Ng and Mr Low were served with criminal charges in the US in relation to 1MDB.
Malaysia has filed criminal charges against Goldman Sachs and two former employees in connection with a corruption and money laundering probe at the country’s investment fund, 1MDB.
The US bank has been under scrutiny for its role in helping to raise funds for the 1Malaysia Development Bhd (1MDB). It is being investigated in at least six countries.
Goldman Sachs called the charges “misdirected” and said it would “vigorously defend them”.
“The firm continues to co-operate with all authorities investigating these matters,” the bank added.
Malaysia filed the charges against Goldman Sachs and its former bankers Tim Leissner and Roger Ng.
Mr 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.
Last month, Mr Leissner, Mr Ng and Mr Low were served with criminal charges in the US in relation to 1MDB.
