A unit of Goldman Sachs pleaded guilty to conspiring to violate U.S. antibribery laws, the first step in an expected resolution of a long-running investigation into its role in a Malaysian corruption …
Goldman fined £2.2bn in 1MDB Malaysia fraud scandal
Goldman bankers were accused of helping playboy financier Jho Low (pictured with musician Alicia Keys) funnel billions of dollars out of Malaysia’s state-owned 1MDB redevelopment fund.
Malaysia an attractive market for e-commerce in Southeast Asia — survey
KUALA LUMPUR (Oct 23): Malaysia, with its population of about 30 million people, is an attractive market for e-commerce in Southeast Asia due to its rapid economic growth and advanced digital …
Analysis: Can Malaysia maintain a competitive edge in attracting foreign firms?
Additionally, to drive Malaysia’s position as the heart of Digital ASEAN, MDEC and Huawei tied up in July to spearhead this initiative and share best practices, with Huawei taking the lead in …
Goldman Sachs Malaysia unit pleads guilty in 1MDB bribery case and agrees to pay $2.9 billion
Goldman Sachs’s Malaysian subsidiary has pleaded guilty to charges that it conspired to violate US anti-bribery laws in a massive scheme involving the Southeast Asian country’s sovereign wealth fund, …
Goldman fined £2.2bn in Malaysia fraud: 1MDB scandal saw state-owned fund turned into a ‘piggy bank for corrupt public officials’
Goldman bankers were accused of helping Low funnel billions of dollars out of Malaysia’s 1MDB fund, which was meant to be used for the country’s development. Instead Low allegedly used the money to …
UK regulators fine Goldman Sachs £100m over Malaysia’s 1MDB scandal
British regulators have fined Goldman Sachs almost £100 million as part of a $2.9 billion settlement with authorities worldwide for the Wall Street bank’s role in Malaysia’s 1MDB scandal.The …
Understanding Goldman Sachs’ Role in Malaysia’s 1MDB Mega Scandal
Goldman Sachs Group Inc on Thursday reached a deal to settle a probe into the bank’s role in Malaysia’s 1MDB corruption scandal, which included total penalties of $2.9 billion. The bank was …
Goldman Sachs Malaysia Arm Pleads Guilty in 1MDB Fraud
All told, Goldman will pay billions in penalties and disgorgement in Malaysia, the United States and Hong Kong for its role in the looting of the 1Malaysia Development Berhad fund.
Goldman Sachs to pay $3bn over 1MDB Malaysia scandal
The investment bank reaches a record settlement with the US government for its role in the 1MDB corruption affair.