1MDB: Singapore Zeroes In On Goldman Sachs
1Malaysia Development Berhad (1MDB) is back in the news again, this time due to Singaporean prosecutors and police examining Goldman Sachs’ relations with the beleaguered state investment fund.
According to Bloomberg, Singapore’s Commercial Affairs Department, the police’s economic crime unit, and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1MDB.
Investigators are also looking into the firm’s links with Malaysian financier Low Taek Jho, who the US has alleged controlled a plot to siphon billions of dollars from the bond proceeds.
Neither Goldman Sachs nor its current or former employees have been publicly accused of criminal offences or charged in relation to 1MDB, whose dealings have sparked probes in Singapore, Switzerland and the US.