-
Former Malaysian prime minister Najib Razak was convicted of corruption charges and sentenced to jail Tuesday in the first criminal trial linked to the massive 1MDB financial scandal. A judge in Kuala Lumpur found Najib guilty of seven charges he faced for allegedly receiving about $10 million from a former unit of 1Malaysia Development Berhad, …
-
Goldman Sachs chief executive David Solomon let his musical alter ego rip over the weekend after finally settling long-running fraud claims against his firm for $3.9 billion. Solomon dropped his beats for a field of well-heeled Hamptonites in Water Mill, NY, on Saturday, where his electronic dance music persona, DJ D-Sol, performed for a drive-in …
-
Goldman Sachs has reached a $3.9 billion settlement deal with Malaysia over its role in the massive 1MDB financial scandal, officials said Friday. The American investment bank agreed to pay $2.5 billion in cash and guaranteed the recovery of at least $1.4 billion in assets stemming from three bond sales tied to the embezzlement scam, …
Former Malaysian prime minister Najib Razak was convicted of corruption charges and sentenced to jail Tuesday in the first criminal trial linked to the massive 1MDB financial scandal. A judge in Kuala Lumpur found Najib guilty of seven charges he faced for allegedly receiving about $10 million from a former unit of 1Malaysia Development Berhad, …
