Goldman Sachs Ex-CEO Blankfein Involved in the 1MDB Deal from the Beginning

Then CEO Lloyd Blankfein was instrumental in developing the ties between Goldman Sachs and the Malaysian government which would result in the $6.5 billion 1MDB deal. The deal would eventually earn $600 million in fees for Goldman Sachs and would also lead to multiple corruption probes.

(From Bloomberg.com)
Blankfein, who stepped down as Goldman Sachs’s chief executive officer last month and still serves as chairman, said at a conference in New York last week that he’s not aware of senior managers missing red flags in the 1MDB dealings. Instead, he said, the matter was an issue of a few employees dodging bank controls and lying about it.

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