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Goldman Sachs CEO Apologizes to Malaysia

posted by chromas on Thursday January 17 2019, @03:43AM   Printer-friendly
from the https://www.youtube.com/watch?v=15HTd4Um1m4 dept.

takyon writes:

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.

Original Submission

 
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  • (Score: 3, Insightful) by Lester on Thursday January 17 2019, @08:29AM (1 child)

    by Lester (6231) on Thursday January 17 2019, @08:29AM (#787818) Journal

    Any compensation or punishment? No

    Yesterday I apologize to a policeman for parking may car in the wrong place, but It didn't work for me :-(

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  • (Score: 0) by Anonymous Coward on Thursday January 17 2019, @08:39AM

    by Anonymous Coward on Thursday January 17 2019, @08:39AM (#787820)

    You have to be small to be punished.

    Or you are a person disliked by the ruling class.

    Or both.