Goldman Sachs
20 Mar 2019
SINGAPORE (Mar 20): Banks, brokerages and other financial institutions suffered a total of more than $350 million in unpaid losses in the wake of the October 2013 crash of Blumont Group, LionGold Corp and Asiasons Capital (now known as Attilan Group), according to prosecutors.
Goh Hin Calm, one of the three facing trial for the saga, had pleaded guilty to two charges of creating a false market ...
PUTRAJAYA (Feb 20): The extradition of former Goldman Sachs managing director Roger Ng to the United States (US) will only be carried out after his cases in Malaysian courts are completed, said Home Minister Tan Sri Muhyiddin Yassin.
Muhyiddin said this was the advice of Attorney-General Tommy Thomas to him via an official letter a few days ago informing that Ng has to face charges in Malaysia ...
(Jan 25): Malaysia’s police are seeking Jho Low’s parents and an associate as they widen their search for evidence of possible wrongdoing in their investigation into the scandal-ridden 1MDB.
Authorities are calling for information on Low’s parents Low Hock Peng and Goh Gaik Ewe as well as Tan Kim Loong, Low’s associate, the police said in a statement. They are also seeking Shabnam ...
24 Jan 2019
KUALA LUMPUR (Jan 24): Bukit Aman Commercial Crime officers are still at Goldman Sachs' Malaysian law firm Rahmat Lim & Partners, where they have been conducting a raid since morning.
Five enforcement officers have been sighted at the office building where Rahmat Lim is located.
"They are not meeting them, they are raiding the office. It (the raid) will take a long time, at ...
(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 ...
KUALA LUMPUR (Jan 7): A Malaysian court on Monday declined to grant bail to former Goldman Sachs banker Roger Ng, pending his extradition to the United States where he faces charges related to suspected money laundering of funds siphoned off from state fund 1Malaysia Development Berhad (1MDB).
Ng has been detained in Kuala Lumpur since Nov 1 last year, shortly after the US Department of ...
KUALA LUMPUR (Dec 20): Goldman Sachs said the financial services provider relied on documents provided by International Petroleum Investment Co (IPIC) executives, when Goldman Sachs proceeded with the US$1.75 billion (about RM7.32 billion) IPIC-guaranteed bond that Goldman Sachs raised for 1Malaysia Development Bhd (1MDB) in 2012, The Straits Times reported today.
The Straits ...
(Dec 19): Singapore’s central bank on Wednesday said it had issued a lifetime prohibition order against former Goldman Sachs’ banker Tim Leissner after he admitted to charges related to an investigation into scandal-plagued Malaysian state fund 1MDB.
The ban is an upgrade of the Monetary Authority of Singapore’s 10-year prohibition order against Leissner issued last year.
The order, ...
(Dec 19): Malaysian prosecutors will charge a former Goldman Sachs Group banker on Wednesday, said a person familiar with the matter, after an oversight earlier in the day delayed his extradition process to the US.
Roger Ng will face charges at 2.30pm in a Kuala Lumpur court, according to the person, who asked not to be identified as the information is private. He didn’t show up for his ...
NEW YORK/KUALA LUMPUR (Dec 17): Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the investment bank.
Malaysia authorities charged the bank and two former Goldman employees in connection with an investigation into suspected ...