Goldman is facing scrutiny in all three countries over its role helping 1MDB raise more than US$6 billion ($8.2 billion) in bond sales that generated some US$600 million in fees for the bank. Malaysia has filed criminal charges against three Goldman entities, while US prosecutors have charged two former bankers at the firm. Singapore is planning to seek a deferred-prosecution agreement with Goldman, one of the people said.
(May 7): 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 Inc over its work raising money for scandal-plagued state fund 1MDB, people with knowledge of the matter said.
The meetings are taking place on Tuesday and Wednesday and include representatives from the US Department of Justice as well as the attorney generals’ offices in Malaysia and Singapore, the people said, asking not to be identified. Officials from Singapore’s white-collar police are also attending, one of the people said.
