(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.”

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.

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