Goldman Stung by 1MDB Corruption Scheme That Rocked Malaysia

U.S. charges of ex-bankers implicate more employees at company
Some allegedly knew of bribery, sought to thwart controls

The scandal involving Malaysia’s 1MDB has now snagged at least 3 senior bankers at Goldman. Stephen Engle reports.(Source: Bloomberg)

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By Sridhar Natarajan and Greg Farrell

November 1, 2018 at 8:05 PM UTC

Updated on

November 2, 2018 at 9:38 AM UTC

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A high-profile corruption probe that has spanned continents landed its first direct blow at Goldman Sachs.

At least three senior Goldman bankers were implicated by the U.S. Department of Justice in a multiyear criminal enterprise that included bribing officials in Malaysia and elsewhere and laundering hundreds of millions of dollars. Now that federal prosecutors have filed criminal charges against two of the bankers, one question is burning inside the Wall Street bank: Are others next?