Former Goldman Sachs employee Roger NG was sentenced to 10 years on Thursday after being convicted last year for his involvement in the corruption and money laundering scandal at 1Malaysia Development Berhad (1MDB).
Ng was found guilty by a Brooklyn jury of conspiring to violate...
The Malaysian government reported on Thursday that KPMG International Ltd. has agreed to pay $80 million to settle charges related to the 1Malaysia Development Berhad (1MDB) scandal.
The auditor was accused of failing to fulfill its fiduciary duties on auditing 1MDB's financial statements in the...
The United Kingdom Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) said on Thursday they decided to fine Goldman Sachs International (GSI) £96.6 million over the lender's involvement in the 1Malaysia Development Berhad (1MDB) scandal.
"Firms have a crucial role to...
Goldman Sachs Group Inc. is expected to admit wrongdoing related to Malaysian government investment fund 1MDB, The Wall Street Journal reported on Tuesday citing sources familiar with the matter.
The New York-based investment bank is reportedly ready to plead guilty later this week and will...
Former Malaysian Prime Minister Najib Razak was sentenced to 12 years in jail on Tuesday after the Kuala Lumpur High Court found him guilty on all seven charges related to the 1Malaysia Development Berhad (1MDB) investment fund scandal.
Najib was convicted on one count of abuse of power,...
Kuala Lumpur High Court ruled on Tuesday that former Malaysian Prime Minister Najib Razak is guilty of corruption in a case related to the investment fund 1Malaysia Development Berhad (1MDB) scandal.
"After considering all evidence in this trial, I find that the prosecution has successfully proven...
Goldman Sachs Group Inc. announced on Friday it reached a settlement with the Malaysian authorities over the 1MDB scandal.
Under the terms of the agreement, the investment bank will pay $2.5 billion in cash to Malaysia, while also guaranteeing that the government will receive at least $1.4 billion...
Malaysia's Attorney General Tommy Thomas (pictured) vowed on Friday to prosecute Goldman Sachs' officials for involvement in the 1Malaysia Development Berhad (1MDB) corruption scandal, despite the latest report claiming the New York-based investment bank may plead guilty and pay a...
Goldman Sachs Group Inc. is currently negotiating with the United States Department of Justice (DoJ) to plead guilty and pay a fine of up to $2 billion for the alleged involvement in the Malaysian government fund (1MDB) corruption scandal, the Wall Street Journal reported on Thursday, citing anonymous...
The court in Kuala Lumpur, Malaysia ordered on Monday former Prime Minister Najib Razak to prepare his defense for corruption charges related to the country's investment fund 1Malaysia Development Berhad (1MDB). The judge asserted his involvement in the case as "pervasive and imperious,"...
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