20-07-2016 21:57 via news.yahoo.com

Goldman Sachs under spotlight in Malaysian fund scandal

Goldman Sachs' work with Malaysian sovereign wealth fund 1MDB is under the spotlight over U.S. government allegations that billions of dollars were diverted for the personal use of officials in the southeast Asian country. The Wall Street bank helped 1MDB raise $6.5 billion in three bond sales in 2012 and 2013 to invest in energy projects and real estate to boost the Malaysian economy. Prosecutors said the money was used to buy artwork, including paintings by Vincent Van Gogh and Claude Monet, l
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