| Singapore said none of the banks in the city-state had received US$3 billion from Goldman Sachs Group Inc related to a bond sale by 1Malaysia Development Bhd (1MDB). The comment was made “in response to media queries,” the Monetary Authority of Singapore said in a one-line statement yesterday. It did not name any media organizations.
The statement came after the Wall Street Journal on Tuesday reported that Goldman Sachs had wired US$3 billion of proceeds from a bond issue it arranged for 1MDB in 2013 to an account controlled by the fund at the Singapore branch of a small Swiss private bank...............................................Full Article: Source
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