Malaysia to summon two Goldman Sachs units ahead of 1MDB case

KUALA LUMPUR (Reuters): Malaysian prosecutors on Monday said they would issue summonses to units of US investment bank Goldman Sachs in London and Hong Kong, requiring them to respond by June to criminal charges filed against them last year.

Soon after being elected in May, 2018, a new government charged three units of Goldman Sachs for misleading investors by making untrue statements and omitting key facts in relation to bond issues totaling US$6.5bil for state fund 1Malaysia Development Berhad (1MDB).