1MDB

In a recent development, the jail sentence of former Malaysian Prime Minister Najib Razak has been halved by the country’s pardons board, potentially leading to his release in 2028. What Happened: The board, chaired by Malaysia’s king, made the decision earlier this week after reviewing...

Malaysia’s Prime Minister, Anwar Ibrahim, is adamant about retrieving the funds Malaysians are due from the infamous 1MDB money laundering scandal, hinting at the possibility of lawsuits against Goldman Sachs (NYSE:GS). According to a CNBC report on Sunday, Anwar criticized Goldman...

Former Prime Minister of Malaysia Najib Razak was found guilty by a court in Malaysia on Monday in a money laundering case involving Goldman Sachs Group, Inc (NYSE: GS), the Wall Street Journal reported. What Happened The guilty verdict pertains to the 1Malaysia Development Bhd. fund (1MDB). It...

Goldman Sachs Group, Inc. (NYSE: GS) has remained silent during its recent CEO transition and is yet to address concerns related to the criminal charges filed by Malaysia. The silence triggers undesirable uncertainty, according to a Wells Fargo. The Analyst Wells Fargo’s Mike Mayo ...

The government of Malaysia filed criminal charges against Wall Street giant Goldman Sachs Group Inc (NYSE: GS) for alleged wrongdoing related to advisory services it offered 1Malaysia Development Berhad (1MDB), a Malaysian strategic development company fully owned by the government. What Happened...