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Goldman Sachs pleads not guilty to 1MDB charges in Malaysia

From nypost.com

Three arms of Goldman Sachs reportedly pleaded not guilty Monday to Malaysian charges stemming from the investment bank’s involvement in the massive 1MDB scandal. A representative for Goldman entered the plea in Kuala Lumpur after a judge read out the charges related to the bank’s alleged role in raising $6.5 billion in bond sales for the state-backed fund 1Malaysia Development Berhad, according to the country’s Bernama state news agency. Malaysian prosecutors filed four charges against Goldman’s units based in London, Hong Kong and Singapore in December 2018, alleging that they misled investors about the bond sales ... (full story)

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