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Malaysia files charges against Goldman directors over scandal

by LLB Editor
9th Aug 19 10:46 am

The Malaysian government today filed criminal charges against 17 current and former directors of Goldman Sachs’ subsidiaries in connection with the 1 Malaysia Development Berhad scandal.

Malaysia’s attorney-general Tommy Thomas said in a statement on Friday: “They occupied the highest executive positions in those three Goldman Sachs subsidiaries, and exercised or ought to have exercised decision-making authority over the transactions of those bodies corporate.”

A Goldman Sachs spokesperson said in response to the announcement: “We believe the charges announced today, along with those against three Goldman Sachs entities announced in December last year, are misdirected and will be vigorously defended.”

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