Najib Razak faces charges related to multibillion-dollar scandal at state fund
The corruption trial of the former Malaysian prime minister, Najib Razak, over charges related to a multibillion-dollar scandal at state fund 1MDB has been postponed, his lawyer said, citing a court ruling.
The trial was originally set to begin on Tuesday.
Continue reading...Investment bank might withhold cash from former boss Lloyd Blankfein over firm’s involvement in Malaysian affair
Goldman Sachs’s decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement of shareholder and public outrage over the debacle.
The prestigious investment bank has announced that it could withhold millions of dollars in bonuses to former chief executive Lloyd Blankfein and two other retired executives depending on the outcome of ongoing inquiries into the Malaysian fund.
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