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SINGAPORE: Goldman Sachs Group Inc plans to add about 100 staff in Singapore, taking its headcount in the South-East Asian financial hub to a record, following a tumultuous period in the region.
Google was ordered by a US judge to turn over the content of emails of the son of Farkhad Akhmedov to the Russian oligarch’s former wife in her pursuit of a £450mil (RM2.45bil) divorce judgment.
NEW YORK (Bloomberg): Goldman Sachs Group Inc. and Malaysia have signed an agreement to finalise the bank’s US$3.9bil (RM16.3bil) settlement over the 1MDB scandal.
KUALA LUMPUR: As negotiators from Goldman Sachs Group Inc. and the Malaysian government gathered at the Mandarin Oriental hotel in Kuala Lumpur last week, the two sides could hardly have been further apart on a 1MDB deal.
KUALA LUMPUR: The United States Department of Justice (DoJ) has reached a settlement to recover assets worth more than US$700mil (RM2.92bil) acquired by fugitive businessman Low Taek Jho, or Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Bhd (1MDB).In a statement, the DoJ said the assets are located in the United States, the United Kingdom and Switzerland.
WASHINGTON: The U.S. Justice Department is close to a deal with fugitive financier Jho Low to recover almost $1 billion that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday, citing a source familiar with the matter.
The state of mind of the Malays is crucial if any change in Malaysia is to be sustainable.
PETALING JAYA: About RM15.5mil was spent on maintaining superyacht Equanimity from August last year until its delivery to Genting Malaysia Bhd last month, says Attorney General Tommy Thomas.
KUALA LUMPUR: Moody's Investors Service expects the increase in capital spending at Genting Bhd's key subsidiaries -- Genting Malaysia and Genting Singapore, can be met by their existing cash and operating cash flows.
PETALING JAYA: Fugitive businessman Low Taek Jho has hit out at the Pakatan Harapan administration over the sale of Equanimity, saying that its sale price was too low.