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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials, Market

Goldman Sachs Stock Down, Under Investigation in Malaysia Fund Probe

Posted on 15 October 2015

Goldman Sachs Group shares are declining 0.71% to $179.67 on reports that as the FBI and the U.S. Department of Justice are investigating the investment banking company’s actions in a series of transactions at 1 Malaysia Development Bhd. (1MDB), an economic development fund in Malaysia, the Wall Street Journal reports.
However, the inquiries are still at an early stage and there is no suggestion of wrongdoing by the company. The investigators “have yet to determine if the matter will become a focus of any investigations into the 1MDB scandal,” the Journal noted. Goldman Sachs is an adviser to Malaysia’s wealth fund, advising on three acquisitions and $6.5 billion bond sale, CNBC.com added………………………………………..Full Article: Source


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