Goldman Sachs Pressed for 1MDB Clarification

(Picture Shutterstock)

(Picture Shutterstock)

For a second time the New York bank regulator has asked Goldman Sachs for further information on the part played by the company in underwriting bond deals for the under fire Malaysian wealth fund.

The «Wall Street Journal» (paywall) reports that the New York State Department of Financial Services (NYSDFS) has requested trading records along with historical research and presentation materials the investment bank prepared for 1MDB.  

The NYSDFS had originally submitted a query requesting information from Goldman Sachs in June this year. The U.S. Justice Department, Federal Reserve and Securities and Exchange Commission are also examining Goldman Sach’s dealings with 1MDB. 

finews.asia reported earlier this year on the departure of Goldman's top banker in the region, Tim Leissner, who left the bank in February and was and later subpoenaed by U.S. officials.   

 

 

 

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