Malaysia Charges Goldman Sachs with Fraud and Laundering Related to 1MDB Scandal

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Saturday, December 29, 2018

Author:

Bruce Zagaris

Volume:

35

Issue:

1

Abstract:

On December 17, 2018, the Malaysian Attorney General filed criminal charges against Goldman Sachs with respect to the latter’s arrangement and underwriting for 1Malaysia Development Berhad (1MDB) in 2012 and 2013. The prosecutor has charged Goldman Sachs and four individuals, two of them former Goldman employees, of “grave violations” of Malaysia’s securities laws.