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1MDB: Malaysia Files Criminal Charges Against Goldman Directors – Bloomberg

Malaysia expanded efforts to prosecute Goldman Sachs Group Inc. employees it alleges were involved in the 1MDB fraud, filing criminal charges against more than a dozen current and former senior executives based around the world.

Vice Chairman Richard J. Gnodde, who heads the Wall Street firm’s international business in London, and J. Michael Evans, a former partner at the U.S. bank who’s now president of Alibaba Group Holding Ltd., were among those named. Other high-profile people charged include a former adviser to Margaret Thatcher and the bank’s chief risk officer.

The 17 current and former employees were directors of three Goldman Sachs units that Malaysia has accused of misleading investors when arranging $6.5 billion in bond sales for the state investment fund, whose full name is 1Malaysia Development Bhd., in 2012 and 2013.

Source: 1MDB: Malaysia Files Criminal Charges Against Goldman Directors – Bloomberg

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