Private Banks

1MDB - Malaysia files criminal charges against Goldman

In the latest 1MDB development, Malaysia has filed charges against Goldman Sachs and two former employees over money laundering and corruption.

The Malaysian government said it would seek criminal fines in excess of USD 2.7 billion fromm Goldman Sachs related to the charges.  Charges have also been filed against former bankers Tim Leissner - Goldman South East Asia Chairman until 2016 - and Roger Ng who left in 2014.