SC issues show-cause letter to Goldman Sachs


Securities Commission Malaysia Annual Report 2018 Media Conference From left to right: Mr. Ong Liang Heng, Executive Director, Chairman's Office, Mr. Eugene Wong, Managing Director, Corporate Finance & Investments and Datuk Syed Zaid Albar, SC Chairman. - AFIQUE YUSOFF/The Star

PETALING JAYA: The Securities Commission (SC) has issued a show-cause letter to Goldman Sachs, which is embroiled in multi-jurisdictional investigations into Malaysian state fund 1Malaysia Development Bhd (1MDB).

A show-cause letter typically requires the recipient to explain why they should not be subject to disciplinary action.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SC , show-cause , letter , Goldman Sachs , 1MDB ,

   

Next In Business News

Indonesia's inflation rate eases slightly in April
Main Market-bound Feytech holdings aims to raise RM114.66mil from IPO
Asian equities slip on Fed decision; Indonesia drops as inflation rate eases
TA Investment declares distributions for two funds
Yinson Production completes US$1.3bil project financing for Agogo FPSO
ACE Market-bound Smart Asia chemical aims to raise RM37.4mil from IPO
Pandora raises full-year forecast on strong U.S. sales
Anwar: Microsoft's new US$2.2bil investment is its largest single investment in Malaysia
Shell beats expectations with $7.7 bln first-quarter profit
Asia stocks rise as Fed tamps down hike fears; yen leaps

Others Also Read