Malaysia Files Criminal Charges Against Goldman, Ex-Bankers in 1MDB Probe

(From Reuters)

Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB.

Malaysia will seek jail terms as well as billions in fines from Goldman Sachs and four other individuals who allegedly diverted about $2.7 billion from 1Malaysia Development Bhd (1MDB), Attorney General Tommy Thomas said in a statement.

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