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Business News

Ex-Goldman Sachs banker Ng pleads not guilty to 1MDB charges

NEW YORK: Former Goldman Sachs Group Inc banker Roger Ng pleaded not guilty to criminal charges linked to a multibillion-dollar scandal at the Malaysian state investment fund 1MDB in an appearance at federal court in New York on Monday.

Nation

Goldman Sachs CEO apologises for ex-banker’s role in 1MDB scandal

NEW YORK: Goldman Sachs Group Inc chief executive officer David Solomon (pic) has apologised to the Malaysian people for former ban­ker Tim Leissner’s role in 1Malaysia Development Bhd (1MDB) scandal, but said the bank had conducted due diligence before every transaction.

AseanPlus News

Goldman Sachs the latest victim of copycats

BEIJING: A staffer at a Chinese finance company named Goldman Sachs said any similarity to the multi-billion-dollar US investment giant was unintentional, weeks after a Chinese man was arrested for setting up a fake bank branch.

India

India accuses Goldman Sachs of 'messing' in domestic politics

NEW DELHI, Nov 08, 2013 (AFP) - India's government has accused global investment bank Goldman Sachs of interfering in the country's domestic politics after it raised market ratings citing "optimism over political change".

Nation

High Court denies bail for former Goldman Sachs banker in 1MDB case

KUALA LUMPUR: The High Court here has denied a bail application from former Goldman Sachs banker Roger Ng Chong Hwa, who is facing three charges in connection to 1Malaysia Development Berhad.

Nation

Dr M: Ex-Goldman Sachs banker Ng to face action in US

PETALING JAYA: Former Goldman Sachs banker Roger Ng will face action in the United States because he had committed the crime there, says Prime Minister Tun Dr Mahathir Mohamad.

Nation

Malaysia seeks RM31.3bil in reparations from Goldman Sachs

KUALA LUMPUR (Reuters): Malaysia is seeking US$7.5bil (RM31.3bil) in reparations from Goldman Sachs Group Inc over its dealings with scandal-linked state fund 1MDB, the Financial Times reported on Friday, citing Finance Minister Lim Guan Eng.

World

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

DUBAI/ABU DHABI (Reuters): Abu Dhabi state investor Mubadala has suspended new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the US bank and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

Nation

PM: American prosecutors to help return Goldman Sachs money

PETALING JAYA: US prosecutors have promised to help return money Goldman Sachs Group Inc received for its dealings with troubled Malaysian state fund 1Malaysia Development Bhd (1MDB), says Tun Dr Mahathir Mohamad.

Nation

Goldman Sachs staring at ‘significant penalties’

PETALING JAYA: Goldman Sachs Group has acknowledged that it may receive “significant penalties” resulting from its deals with 1Malaysia Development Bhd (1MDB).