Actual News Daily News
Malaysia prosecutors will charge against three Goldman Sachs units as it allegedly misappropriated the fund.
The US bank is accused of misleading investors when it made US$ 6.5 billion of bond sales for 1MDB with acknowledging that the fund would be diverted. Prosecutors are seeking fines in over US $2.7 billion diverted from the proceeds, and the return of US $600 million received by Goldman.
1MDB is a centre of global investigations. The United Stated prosecutors accused that US $4.5 billion was gained from the Malaysia investment fund.
The breaking news has put a bomb in the Malaysia politics. It also raised lifetime bans against Goldman bankers like Andrea Vella and Tim Leissner in the financial industry.
