Goldman boss apologises for 1MDB scandal
Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country's wealth funds.
However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB. He said Goldman, which had helped to raise money for the fund, had been deceived about details of the deals.
Malaysia filed criminal charges against Goldman last month. It accused the investment bank of helping to misappropriate money intended for the fund. The US and other countries are also investigating its role.
Explainer: 1Malaysia Development Berhad scandal.
Also at CNN.
(Score: 0) by Anonymous Coward on Thursday January 17 2019, @04:58AM
Not good enough for me. He didnt apologize for all the frozen gophers people have been finding in their pools.