SINGAPORE (Nov 7): Goldman Sachs Group Inc Chief Executive Officer David Solomon said he felt “horrible” about the role former bank employees played in the scandal surrounding Malaysia’s 1MDB fund.

At least three Goldman bankers were implicated by the US Department of Justice in a multiyear criminal enterprise that included bribing officials in Malaysia and elsewhere and laundering hundreds of millions of dollars. In one of his first major headaches as CEO, Solomon will have to wrestle with the fallout from the firm’s growing entanglement in the high-profile corruption probe.

“It is obviously very distressing to see two former Goldman Sachs employees went so blatantly around our policies and so blatantly broke the law,” Solomon said in a Bloomberg Television interview Wednesday at the New Economy Forum in Singapore. “We take the matter extremely seriously and we continue to work with the authorities as they investigate it.”

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