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Goldman Sachs’ role in the 1MDB scandal – in 300 words
The 1MDB corruption scandal has cast a shadow over Goldman Sachs, raising questions about how much the US investment bank knew about the misconduct.
- BBC
What is Goldman accused of?
The firm helped raise $6.5bn (£5bn) for the Malaysian development fund, advising on three bond offerings in 2012 and 2013.
Prosecutors allege more than $2.7bn was later embezzled, used to bribe government officials and buy luxury items.
In November, Goldman’s lead banker on the deals, Tim Leissner, pleaded guilty in US court to participating in the bribery and money laundering schemes…