Malaysia files criminal charges against 17 current and former directors at Goldman Sachs over a multi-billion dollar corruption probe
David M Solomon, chairman and CEO of Goldman Sachs, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, US. April 29, 2019.
Goldman Sachs has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Development Bhd , which is the subject of corruption and money laundering investigations in at least six countries. Thomas said individuals who have been charged include Richard Gnodde, CEO of Goldman Sachs International, and Michael Sherwood, vice chairman of Goldman Sachs Group Inc and co-chief executive officer of Goldman Sachs international.It has consistently denied wrongdoing and said certain members of the former Malaysian government and 1MDB lied to Goldman Sachs, outside counsel and others about the use of transaction proceeds.
An estimated $4.5 billion was misappropriated from 1MDB by fund officials and their associates between 2009 and 2014, the US Justice Department has said.
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