Malaysia has filed criminal charges against the Wall Street firm over a relationship that spawned one of the biggest scandals in the country’s history. Singapore expanded a criminal probe into fund flows linked to 1MDB to include Goldman Sachs, and is coordinating closely with the US Justice Department, people with knowledge of the matter said last month.
(Jan 17): Goldman Sachs Group Chief Executive Officer David Solomon apologised to the Malaysian people for the role that a senior banker at the firm, Tim Leissner, played in the 1MDB scandal.
Malaysia was “defrauded by many individuals,” Solomon said on a conference call with analysts after the investment bank reported fourth-quarter earnings Wednesday. Leissner “was one of those people.”
