KUALA LUMPUR : 1MDB Energy (Langat) Ltd (1MELL) — a subsidiary of 1Malaysia Development Bhd (1MDB) — saw four tranches … More
NEW YORK, Dec 11 : A lawyer for a former Goldman Sachs banker charged with involvement in the looting of … More
KUALA LUMPUR : Former Malaysian prime minister Datuk Seri Najib Razak asked a US court on Tuesday for permission to … More
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB), the state fund at the centre of a massive corruption scandal, still had an … More
WASHINGTON (Reuters) : Goldman Sachs Group Inc this week will agree to pay more than $2 billion to settle U.S. … More
KUALA LUMPUR : A Malaysian official has pointed to the below market price sale of 1MDB-linked Walker Tower penthouse in … More
KUALA LUMPUR : The prosecution today said it intends to proceed with its criminal case against former Goldman Sachs banker … More
Goldman Sachs made $2.5 billion payment to Malaysia last week Bank is in separate discussions with U.S. authorities on 1MDB … More
KUALA LUMPUR : Malaysia has received part of the US$2.5 billion that US investment bank Goldman Sachs agreed to pay … More
KUALA LUMPUR : Goldman Sachs Group Inc. and Malaysia signed an agreement to finalize the bank’s $3.9 billion settlement over … More
As negotiators from Goldman Sachs Group Inc. and the Malaysian government gathered at the Mandarin Oriental hotel in Kuala Lumpur last week, … More
DESPITE multiple requests from the media, I refrained from commenting on the merits of the settlement that the Government of … More
KUALA LUMPUR : The Ministry of Finance has announced that Goldman Sachs has agreed to a record US$3.9 billion (RM16.6 … More
KUALA LUMPUR – The Malaysian government and international banking giant Goldman Sachs will resume talks this week in Kuala Lumpur … More
(Reuters) – A Malaysian court on Thursday granted an interim order to stop Saudi energy firm PetroSaudi International (PSI) from … More
Documents shown in court today showed that Shahrol had on February 7, 2012 indicated his acknowledgment on an appointment letter for Goldman Sachs to act as 1MDB’s financial adviser for the Tanjong Energy acquisition bid, a day before the 1MDB board meeting where they were informed of this and subsequently gave their approval.
The bank has sought to pay a lower fine and avoid a guilty plea, according to the people, who spoke on condition of anonymity because the talks are continuing.
Malaysia’s new government would not be willing to accept even compensation of US$3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher than the bank offered last year.