Ng Chong Hwa

Malaysia charges Goldman over 1MDB scandal

Malaysia has filed criminal charges Monday against Goldman Sachs and two of its former employees over the alleged theft of billions of dollars, heaping fresh pressure on the Wall Street titan over the 1Malaysia Development Berhad (1MDB) scandal.Goldman subsidiaries and ex-bankers Tim Leissner and Ng Chong Hwa are accused of misappropriating US$2.7 billion, bribing officials and giving false statements in relation to bond issues they arranged for state fund 1MDB.Allegations that huge sums were

18 December 2018
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