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Goldman Sachs CEO: I feel horrible ex-bankers broke law in 1MDB case

  • Nov 9, 2018

Goldman Sachs chief executive David Solomon said on Wednesday (Nov 7) he felt "horrible" that two former employees "blatantly broke the law" in their dealings with Malaysian state fund 1Malaysia Development Berhad.

US prosecutors filed criminal charges against the two former Goldman bankers and a Malaysian financier linked to the alleged theft of billions of dollars from the fund.

An investigation into where 1MDB's money went became the largest carried out by the Department of Justice under its anti-kleptocracy program, and the scandal was a major reason why Malaysian voters rejected Najib Razak, their prime minister for nearly a decade, in an election earlier this year.

"It is obviously very distressing to see two former Goldman Sachs employees went so blatantly around our policies and so blatantly broke the law," Solomon said in an interview with Bloomberg TV in Singapore.

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