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KUALA LUMPUR, Malaysia (AFP) — Malaysia rejected a compensation offer of “less than $2 billion” from Goldman Sachs for the role of its subsidiaries in the multi-billion-dollar 1MDB scandal, an aide to the country’s prime minister said Saturday. Huge sums were stolen from Malaysian state fund 1MDB in a fraud allegedly involving former prime minister Najib Razak and his cronies, and spent on everything from high-end real estate to a luxury super-yacht. Goldman’s role has […]
NEW YORK, United States (AFP) – A former Goldman Sachs banker pleaded not guilty Monday in New York to bribery and other charges in the multi-billion-dollar 1MDB scandal after being extradited from Malaysia. Malaysian Ng Chong Hwa, 51, a former managing director at the bank charged in both Malaysia and America over the 1MDB fraud, was extradited to the US on Friday, Malaysian attorney-general Tommy Thomas said. Also known as Roger Ng, the defendant was […]
