Goldman Sachs entangled in global 1MDB scandal (video)


With the indictment of two former senior Goldman Sachs bankers, accused by US prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world’s largest-ever financial scandals. The Wall Street Journal reports.

Back in 2012, a Goldman Sachs vice-president who quit explained to CBS News the toxic culture within the firm:

Thanks for dropping by! Apart from the views expressed in Aliran's media statements and the NGO statements we have endorsed, the opinions in other pieces published here do not necessarily reflect Aliran's official position.

Our voluntary writers work hard to keep these articles free for all to read. But we do need funds to support our struggle for Justice, Freedom and Solidarity. To maintain our editorial independence, we do not carry any advertisements; nor do we accept funding from dubious sources. If everyone reading this was to make a donation, our fundraising target for the year would be achieved within a week. So please consider making a donation of whatever amount you can afford to sustain Aliran. Please make payments to Persatuan Aliran Kesedaran Negara, CIMB Bank account number 8004240948.

And why not become an Aliran member or subscribe to our FREE newsletters.

Join the conversation

2 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
2 Comment authors
Soakkoon WongFami Isa Recent comment authors
newest oldest most voted
Notify of
Soakkoon Wong

Somebody’s gotta call a spade a spade. Wall Street shouldn’t be like the abode of gods whom no one can touch.. yikes!!!! The Prof interviewed said that “Wall Street ethics ” is an oxymoron, so are we to accept that ethics is a no no. So all those adverts about the most honest, most intelligent banks are pure bunkum? Yikes!!!!

Fami Isa

One day will have grandchildren on me lap, telling them the stories of Najib, the Hongkie, the Arab, the Jew……. And of course the Fat Lady.