September 4, 2020

Malaysia drops 1MDB charges against Goldman Sachs

Kuala Lumpur (AFP) – Malaysia has dropped criminal charges against Goldman Sachs over its role in the 1MDB scandal, a lawyer for the bank said Friday. Billions of dollars were looted from sovereign wealth fund 1Malaysia Development Berhad in a fraud that involved former prime minister Najib Razak and his cronies that spanned the globe.The money was used to buy everything from expensive artwork to real estate and a massive luxury superyacht. Goldman’s role came under scrutiny over bond issues totalling $6.5 billion it helped arrange for the investment vehicle, with Malaysia claiming large amoun…


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