(Bloomberg) When Malaysian Prime Minister Najib Razak visited New York in September 2013, a senior official from the Goldman Sachs Group went out to greet him.
At the time, that would have seemed fitting: Malaysia had been good to Goldman Sachs. Three bond offerings from the country's 1MDB wealth fund, controlled by Najib, had already generated about US$600mil (RM2.5bil) in fees for the bank.
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