With the indictment of two former senior Goldman Sachs bankers, accused by U.S. prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world's largest-ever financial scandals. Wall Street Journal (wsj.com) video above published Nov 8, 2018.
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The ex-Goldman Sachs banker who pleaded guilty to conspiring to steal money from Malaysia's state investment fund says Goldman's "culture" encouraged executives to work around the legal team to score business--it was "very much in line of its culture of Goldman Sachs to conceal facts from certain compliance and legal employees"--Tim Leissner, Goldman's former Southeast Asia chairman, in his guilty plea in August, unsealed in federal court in Brooklyn Friday Nov 9, 2018, as reported by cnn.com.Official Twitter for 1Malaysia Development Berhad: @1MDB
Domain: 1mdb.com.my
A source said ex- #GoldmanSachs chief Lloyd Blankfein and #JhoLow attended a meeting in Nov 2009 hosted by #NajibRazak at his hotel in #NewYork. https://t.co/UmzF3nAB77#1MDB— New Straits Times (@NST_Online) November 11, 2018
Goldman Sachs's new partners — added diversityGoldman Sachs has serious questions to answer about #1MDB https://t.co/LGP8dMYsVs by @brookeamasters via @financialtimes— Richard Bistrong (@RichardBistrong) November 7, 2018
Latest Goldman Sachs promotions come from a vast spectrum of individuals - investment bankers, traders, risk experts and lenders, but was the smallest group of new partners for 20 years. FT.com video published Nov 8, 2018.