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Malaysia files charges against Goldman Sachs over 1MDB scandal
Malaysia has filed criminal charges against Goldman Sachs over its dealings with scandal-hit investment fund 1MDB.
Posted — UpdatedBy Daniel Shane, CNN Business
(CNN) — Malaysia has filed criminal charges against Goldman Sachs over its dealings with scandal-hit investment fund 1MDB.
The US investment bank and two of its former employees are accused of breaking Malaysia's securities laws, Malaysian Attorney General Tommy Thomas said in a statement Monday.
The case relates to $2.7 billion that was allegedly misappropriated from 1MDB bond sales, Thomas added.
A Goldman Sachs (GS) spokesman said in a separate statement that the bank would "vigorously defend" itself against the charges.
This is a developing story.
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