Malaysia – The wife of former Goldman Sachs banker Roger Ng, who is accused of conspiring to steal and launder money from 1MDB and is on trial in the United States, is certain that “truth” will prevail and save her husband. Lim Hwee Bin, the last defense witness, asserted that the US$35 million (RM147 million) the US government claimed was …

Malaysia – Tim Leissner, a former Goldman Sachs partner, confessed to accepting US$60 million in bribes, lying to the bank about his unethical dealings, and faking divorce paperwork twice to take on new spouses before a US court. Despite his history of deception, prosecutors are pleading with jurors to trust Leissner in the trial of Roger Ng, a former Goldman …

Malaysia – According to Damansara MP Tony Pua, Datuk Seri Najib Razak is merely making a fool of himself by litigating his 1MDB case in Parliament and attempting to transfer responsibility to later administrations. According to the DAP National Publicity Secretary, Najib‘s most recent appearance was only yesterday (March 3), when he questioned why his successors did not pay off …

Malaysia – Former Prime Minister Tun Dr Mahathir Mohamad dubbed Datuk Seri Najib Razak an “idiot” for saying that Putrajaya had yet to pay “a single sen” of 1Malaysia Development Berhad’s (1MDB) main debt. Dr Mahathir expressed “disgust” at Najib’s comments in Parliament recently, highlighting Najib’s “shameless” attitude toward the wrongdoings done after his High Court sentence and conviction. “I’m disturbed …

Malaysia – A former Goldman Sachs banker testified on Tuesday that a fugitive Malaysian financier received backing from associates of former US President Donald Trump for a potential settlement of an inquiry into the misappropriation of funds from the 1MDB investment fund. On the sixth day of his evidence in the trial of Roger Ng, another former Goldman banker, Tim …

Malaysia – On Wednesday, a former Goldman Sachs associate testified that his participation in a bribery scheme that robbed billions of dollars from Malaysia’s 1MDB sovereign wealth fund was motivated by “greed and ambition.” In the criminal prosecution of Roger Ng, the bank’s former head of investment banking in Malaysia, Tim Leissner, the former leader of Goldman’s South-east Asia unit, …

PETALING JAYA: The government has been asked by Klang MP Charles Santiago to clarify its relations with Goldman Sachs on issues arising from the 1MDB scandal. In response to allegations that the US government was working with Goldman Sachs to prevent evidence related to the scandal from being provided to former Prime Minister Najib Razak, he said Putrajaya had a …

PETALING JAYA – US investment bank Goldman Sachs Group Inc. has made $2.5 billion payment that was promised to the Malaysian government to settle the accusations related to the 1MDB. The funds will be used to repay the outstanding debt of the controversial state fund. The source with knowledge of the settlement has confirmed that the payment was transferred to …

PETALING JAYA – US investment bank Goldman Sachs and Malaysia has agreed for a US$3.9 billion settlement over the multibillion-dollar 1MDB corruption scheme. According to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Azi, the group also agreed for the cash payment in order to resolve outstanding charges and claims related to the three bond transactions that Wall Street bank …