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Malaysia seeks US$7.5b in reparations from Goldman Sachs

KUALA LUMPUR: Malaysia is seeking US$7.5bil in reparations from Goldman Sachs Group Inc over its dealings with scandal-linked state fund 1MDB, the Financial Times reported on Friday, citing the country’s finance minister.

Singapore central bank bans former Goldman Sachs banker for life


SINGAPORE: Singapore's central bank on Wednesday said it had issued a lifetime prohibition order against former Goldman Sachs' banker Tim Leissner after he admitted to charges related to an investigation into scandal-plagued Malaysian state fund 1MDB.

Singapore's central bank on Wednesday said it had issued a lifetime prohibition order against former Goldman Sachs' banker Tim Leissner.

Goldman Sachs fires back after Malaysia charges bank in 1MDB probe

NEW YORK/KUALA LUMPUR: Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the investment bank.

This is the first time Goldman Sachs, which has consistently denied wrongdoing, has faced criminal charges in the 1MDB scandal.

All Wall St. main indexes down 2%, S&P 500 at 14-month low

NEW YORK: Wall Street's major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve this week on the course of U.S. interest-rate hikes.

The Dow Jones Industrial Average fell 507.53 points, or 2.11 percent, to 23,592.98, the S&P 500 lost 54.01 points, or 2.08 percent, to 2,545.94 and the Nasdaq Composite dropped 156.93 points, or 2.27 percent, to 6,753.73.

Goldman 1MDB charges will give bankers shivers

Fines against Goldman could run into the billions of dollars: The Malaysian attorney general said he would seek restitution well in excess of the US$2.7bil in allegedly misappropriated funds and the US$600mil fees paid out to Goldman.

Fund will be back on track soon

KUALA LUMPUR: Lembaga Tabung Haji (TH) has assured depositors the fund will be back on track next year following its restructuring plans involving a takeover of its under-performing assets, said group managing director and chief executive officer Datuk Seri Zukri Samat.

Things are looking up: Zukri speaking to reporters at the press conference in Kuala Lumpur.
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