1MDB bond-issuer Goldman Sachs fined RM182m in UK
Goldman Sachs is accused of aiding fugitive financier Low Taek Jho in defrauding 1MDB during the issuance of over US$6 billion in bonds. — Reuters pic
“We are pleased to have resolved this legacy matter. We dealt with the issues proactively at the time and have made significant investments across the period to develop and enhance our reporting procedures,” the bank said in a statement. The US Justice Department has already secured convictions against former Goldman Sachs banker Tim Leissner on charges of conspiracy of money laundering and conspiracy stemming from the bank’s bond issuance on behalf of 1MDB.
Goldman Sachs is accused of aiding fugitive financier Low Taek Jho in defrauding 1MDB during the issuance of over US$6 billion in bonds.
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