US calling for Goldman Sachs to plead guilty in 1MDB scandal, says report

That recommendation applies to any settlement between Goldman Sachs and US or state authorities, newspaper reported, citing unnamed sources.

According to a source close to the investigation, the hard line recommendations by investigators is not surprising, but the final settlement is likely to be less onerous. US authorities have accused a Malaysian financial intermediary, Low Taek Jho, former Goldman partner Tim Leissner and former Goldman banker, Ng Chong Hwa, of conspiring to launder billions of dollars from 1 Malaysia Development Berhad, a fund set up to finance development projects.

Source: News Formal (newsformal.com)

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US calls on Goldman Sachs to plead guilty over 1MDB scandal | The Malaysian InsightDoJ could impose a fine of US$2 billion for bank’s role helping individuals launder funds in state investor.
Source: msianinsight - 🏆 8. / 63 Read more »

US calling for Goldman Sachs guilty plea in 1MDB scandal, report claims | Malay MailNEW YORK, April 25 — The US Justice Department is calling for Goldman Sachs to plead guilty for its role in the massive corruption scandal involving Malaysian investment fund 1MDB, The Financial Times reported yesterday. That recommendation applies to any settlement between Goldman Sachs and US...
Source: malaymail - 🏆 1. / 86 Read more »

US denies having prior knowledge on Sri Lanka attacks | The Malaysian InsightSri Lanka’s claim that US had provided information before the bombings untrue, says US ambassador.
Source: msianinsight - 🏆 8. / 63 Read more »

Source: NST_Online - 🏆 17. / 53 Read more »