Representatives from the US Department of Justice as well as the AG offices in Malaysia and Singapore are holding meetings.
SINGAPORE: Law enforcement officials from the US, Malaysia and Singapore are meeting near Kuala Lumpur this week to coordinate their legal approaches toward Goldman Sachs Group over its work in raising money for scandal-plagued state fund 1MDB, people with knowledge of the matter said.
Authorities in Malaysia and Singapore didn’t immediately respond to requests for comment, while a spokeswoman for Goldman declined to comment. Former senior Goldman banker Tim Leissner earlier pleaded guilty to conspiring to launder money and violating the US Foreign Corrupt Practices Act by paying bribes to Malaysia and Abu Dhabi officials and circumventing Goldman’s internal accounting controls.
CEO David Solomon on April 30 said Goldman hasn’t begun talks with the DOJ over how to best resolve its role in the scandal.
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