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The investment bank in October announced a plan to claw back compensation from former and current bank executives following a $2.9 billion criminal settlement with the Justice Department over the massive international scandal.
Goldman Sachs Asia -- the Hong Kong-based compliance and control hub of the company -- showed "serious lapses and deficiencies in its management supervisory, risk, compliance and anti-money laundering controls", Hong Kong's Securities and Futures Commission said.
Convicted of corruption less than a month ago and sentenced to 12 years in jail, former Malaysian prime minister Najib Razak was back campaigning for a party candidate over the weekend in a by-election for a state assembly seat.
Malaysia's former leader Najib Razak was found guilty of corruption and sentenced on Tuesday to 12 years in jail in the first trial over a multi-billion-dollar scandal at state fund 1MDB that stretched to the Gulf states and Hollywood.
Former Malaysian prime minister Najib Razak was found guilty on Tuesday on all seven corruption charges in his first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB).
Whatever the verdict on Monday, Najib may feel relieved knowing that the United Malays National Organization (UMNO), the party he once led, is growing stronger and looks set to regain the power it lost in 2018 — ironically thanks to the squabbling within the Pakatan Harapan (PH) coalition, which ended the UMNO-led ruling coalition’s 60-year stranglehold of Malaysian politics.
Former Malaysian prime minister Najib Razak arrived at a Kuala Lumpur court on Tuesday to hear a verdict in the first of several trials he faces over a multi-billion dollar graft scandal at 1MDB, a state fund he founded.
Whichever way the verdict goes on Tuesday in the first 1MDB corruption trial of Malaysia's former leader Najib Razak, the outcome will be fraught with risk for Prime Minister Muhyiddin Yassin, political sources and analysts say.
