{"id":50320,"date":"2017-11-03T07:08:03","date_gmt":"2017-11-03T07:08:03","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=50320"},"modified":"2017-11-03T07:08:03","modified_gmt":"2017-11-03T07:08:03","slug":"singapore-police-examine-goldmans-role-in-1mdb-deals","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/singapore-police-examine-goldmans-role-in-1mdb-deals.html","title":{"rendered":"Singapore police examine Goldmans role in 1MDB deals"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Singapore police examine Goldmans role in 1MDB deals<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Singapore police examine Goldmans role in 1MDB deals: Singaporean prosecutors and police are looking at Goldman Sachs Group\u2019s (GS.N) relationship with the scandal-hit Malaysian state investment fund 1MDB, Bloomberg reported, citing people familiar with the matter.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Singapore\u2019s economic crime unit and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1Malaysia Development Bhd, Bloomberg reported.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">1MDB, founded by Malaysian Prime Minister Najib Razak, is facing money laundering probes in at least six countries including the United States, Switzerland and Singapore.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Najib has denied any wrongdoing.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">A Goldman Sachs spokesman in Hong Kong declined to comment. Officials at the Singaporean police and 1MDB were not immediately available for comment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The Monetary Authority of Singapore (MAS) had earlier in the week barred two individuals involved in breaches related to Malaysia\u2019s 1MDB fund from taking part in financial services management and advisory activities.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">In March, the MAS issued a 10-year prohibition order against Tim Leissner, former Southeast Asia chairman at Goldman Sachs, who it said had made false statements on behalf of his bank without its knowledge or consent.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Leissner was responsible for managing the relationship with Malaysia\u2019s 1MDB fund when Goldman Sachs was engaged to arrange three bond issues from 2012 to 2013. MAS had flagged its intention to ban Leissner last December.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt;color: #000000\">Source:http:\/\/www.reuters.com\/article\/us-malaysia-scandal-goldman-sachs\/singapore-police-examine-goldmans-role-in-1mdb-deals-bloomberg-idUSKBN1D3047<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/singapore-police-examine-goldmans-role-in-1mdb-deals.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Singapore police examine Goldmans role in 1MDB deals Singapore police examine Goldmans role in 1MDB deals: Singaporean prosecutors and police are looking at Goldman Sachs Group\u2019s (GS.N) relationship with the scandal-hit Malaysian state investment fund 1MDB, Bloomberg reported, citing people familiar with the matter. Singapore\u2019s economic crime unit and city [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":50322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[36456,91566,36457],"class_list":["post-50320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-best-usa-latest-business-updates-news","tag-singapore-police-examine-goldmans-role-in-1mdb-deals","tag-usa-latest-business-updates-and-news"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/50320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=50320"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/50320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/50322"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=50320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=50320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=50320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}