Deutsche Bank Faces U.S. Justice Department Probe Over 1MDB
- Inquiry looks at ex-Goldman executive who joined German bank
- Goldman settlement talks set to start, official tells WSJ
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The U.S. Department of Justice is investigating Deutsche Bank AG as part of a broadened probe of Malaysia’s scandal-plagued 1MDB investment fund, according to a person with knowledge of the matter.
Investigators, who have spent years examining Goldman Sachs Group Inc.’s lucrative dealings with the fund, are now taking a closer look at a former Goldman executive who later worked at the German bank, said the person, who asked not to be identified discussing the confidential inquiry. U.S. authorities haven’t accused Deutsche Bank or the former employee of wrongdoing.