Hong Kong regulator bans ex-Goldman Sachs man for life
In connection ‘with his crimes’ relating to Malaysia’s beleaguered sovereign wealth fund 1MDB
1MDB
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Malaysia seeks $7.5bn in 1MDB reparations from Goldman Sachs
Prosecutors filed charges against the US bank in connection with its role in the wealth fund
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Singapore’s MAS extends ban on former Goldman Sachs director
This comes after an admission to criminal charges brought against the former employee by US authorities
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Goldman Sachs facing $3.3bn in fines over 1MDB fraud
Malaysia’s attorney general says Goldman misled investors and knew funds would be misappropriated
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Private jet to join superyacht in 1MBD asset seizures
Authorities eye $35m jet bought by fugitive financier Jho Low
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Goldman Sachs execs grilled in 1MDB probe
Singapore’s economic crime unit has interviewed current and former Goldman Sachs executives over their links to beleaguered sovereign wealth fund 1Malaysia Development Bhd (1MDB), reports Bloomberg.
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MAS issues prohibition orders in latest stage of 1MDB scandal
The Monetary Authority of Singapore (Mas) has issued prohibition orders against those involved in the 1Malaysia Development Berhad (1MDB) state fund breach, one of the world’s largest money laundering scandals in recent history.
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Jailed 1MDB banker sentenced to four more years for cheating
A Singapore court has found former BSI Singapore banker Yeo Jiawei guilty of further charges of money laundering and cheating in relation to billions of dollars allegedly misappropriated from the 1Malaysia Development Berhad (1MDB) state fund.
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UAE ambassador to America linked to Malaysian 1MDB scandal
The UAE ambassador to the US has been caught up in the international scandal involving Malaysian sovereign wealth fund 1MDB, after reports that companies connected to him received millions of dollars allegedly stolen from the fund.
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Naming and shaming better than fines says Singapore regulator
Singapore’s decision not to impose the same hefty fines on banks linked to 1MDB as other countries, but to instead name and punish individuals responsible, is a strong deterrent, said Ravi Menon, managing director of the city-state’s financial regulator.
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Supermodel Kerr hands over $8m in jewellery linked to 1MDB
Australian supermodel Miranda Kerr has handed over $8.1m (£6.4m, €7.2m) worth of jewellery to US authorities that she allegedly received from former boyfriend Jho Low, a person of interest in the 1MDB scandal.
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Luxembourg regulator fines Rothschild over 1MDB failings
Swiss private bank Edmond de Rothschild has been fined nearly €9m (£7.9m, $10m) by Luxembourg’s financial regulator for its handling of funds reportedly linked to beleaguered sovereign wealth fund 1Malaysia Development Berhad.