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Goldman's Blankfein Met With Jho Low, the Man at Center of the 1MDB Probe

  • Meeting with Malaysian businessman took place in December 2012
  • Goldman Sachs statement follows NYT report of the meeting
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Goldman said Blankfein met with the financier who is at the center of Malaysia’s fraud scandal. Shamim Adam reports.(Source: Bloomberg)
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Goldman Sachs Group Inc. said Lloyd Blankfein held a meeting in 2012 with Malaysian financier Low Taek Jho, who is at the center of the country’s fraud and bribery scandal.

The comments come after the New York Times reported that U.S. prosecutors are examining the meeting as part of a criminal investigation of the bank, citing unidentified people familiar with the matter. The newspaper reported that Goldman Sachs’ then Chief Executive Officer Blankfein had a one-on-one encounter with Low, but that was denied by the bank.