Goldman Sachs fined US$350 million in Hong Kong over 1MDB

Energy Daily

23 Oct 2020 0 shares 1 views

Goldman Sachs fined US$350 million in Hong Kong over 1MDB

Goldman Sachs fined US$350 million in Hong Kong over 1MDB

Energy Daily

Published 23 Oct 2020

Hong Kong (AFP) Oct 22, 2020

Global financial titan Goldman Sachs was fined US$350 million by Hong Kong's securities watchdog on Thursday for its role in the massive 1MDB Malaysian bribery scandal, the latest in a growing list of global punishments the firm faces. Goldman Sachs Asia - the Hong Kong-based compliance and control hub of the company - showed "serious lapses and deficiencies in its management supervisory,

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