Goldman Sachs "lied to" by former Malaysian government

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  • 5 months ago
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Goldman Sachs has come out defending its integrity and reputation amid fresh allegations filed by the Malaysian government earlier today, in connection to the 1MDB bond scandal.

"Certain members of the former Malaysian government and 1MDB lied to Goldman Sachs, outside counsel and others about the use of proceeds from these transactions," the U.S. based bank commented.

"1MDB, whose CEO and board reported directly to the Prime Minister at the time, also provided written assurances to Goldman Sachs for each transaction that no intermediaries were involved. Under the Malaysian legal process, the firm was not afforded an opportunity to be heard prior to the filing of these charges against certain Goldman Sachs entities, which we intend to vigorously contest. These charges do not affect our ability to conduct our current business globally."



Source: Smart Trend Team