10/17/2019, 11:13 AM (Source: TeleTrader)
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Goldman Sachs, Malaysia negotiate drop of charges - report

Malaysian Attorney General Tommy Thomas said on Thursday that "the doors for discussion are still open" about dropping criminal charges against 17 Goldman Sachs Group Inc.'s executives, according to the Nikkei Asian Review.

However, Thomas also emphasized that "the gulf is still very wide," pointing to the difficulties in negotiations.

Two of the bank's executives were allegedly involved in the illegal issuance of three 1Malaysia Development Berhad (1MDB) bonds and were charged in December last year amid an investigation from Malaysian authorities into possible corruption and money laundering of the country's strategic development company 1MDB. The charges were expanded in August to 17 more current and former Goldman high ranking officials.

Breaking the News / MS