24 June 2019
KUALA LUMPUR, June 24 — Malaysia’s criminal case against US investment bank Goldman Sachs involving US$6.5 billion 1MDB bonds will be postponed to September, a court ruled today, after defence lawyers asked for more time to receive instructions from their clients abroad. The US Department of Justice estimates US$4.5 billion was misappropriated from 1MDB between 2009 and 2014, including some of the funds that Goldman Sachs helped raise.Today, a lawyer for the bank said Goldman Sachs LLC, based in Hong Kong, had only received its summons in the past week, while another summons issued to the bank’s Singapore unit was incomplete, with just three out of four charges served.
The bank says certain members of the former Malaysian government and 1MDB lied to it about how proceeds from the bond sales would be used.
Excited. Thank you chedetofficial for your resolve to help save Malaysia. Thank you for doing all you can. We do appreciate you!
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaysiakini - 🏆 20. / 51 Read more »