Showing 1 - 10 of 40
Trial begins in Vietnam's largest, multi-billion-dollar fraud
Reuters, Published on 05/03/2024
» HANOI: The trial in Vietnam's largest financial fraud case on record began on Tuesday, with nearly 90 defendants accused of being part of a $12 billion scam, for which some of them risk the death penalty.
Singapore to inspect Credit Suisse, others in $2bn scandal
Bloomberg News, Published on 18/10/2023
» SINGAPORE - Financial regulator in Singapore will conduct an on-site inspection of Credit Suisse Group after at least one of its customers was charged for money laundering in a scandal that has rocked the city-state.
Goldman sues Malaysia as 1MDB settlement dispute escalates
Bloomberg News, Published on 12/10/2023
» NEW YORK - Goldman Sachs Group Incorporated took the unusual step of suing Malaysia in a UK court amid festering disagreement over a settlement tied to its role in the 1MDB investment-fund scandal.
Laundering scandal ensnares Singapore banking giants
Bloomberg News, Published on 30/08/2023
» SINGAPORE: Some of the biggest local and international banks in Singapore are becoming embroiled in one of the city-state’s largest money laundering cases involving over S$1 billion (US$740 million) worth of assets.
The race to invest in Indonesia
Asia focus, Ismira Lutfia Tisnadibrata, Published on 22/02/2021
» Indonesia is seeking to spur much-needed investment in infrastructure projects to revive its pandemic-battered economy with the launch of a sovereign wealth fund.
$10m pay-cut for Goldman Sachs CEO over 1MDB scandal
AFP, Published on 27/01/2021
» SAN FRANCISCO: Goldman Sachs cut its CEO David Solomon's 2020 salary by $10 million to $17.5 million because of the bank's role in the 1MDB Malaysian bribery scandal, according to documents filed Tuesday.
Indonesia sovereign wealth fund aims to raise $15bn
Reuters, Published on 17/11/2020
» JAKARTA: Indonesia's new sovereign wealth fund will offer dedicated industry funds in a bid to drum up $15 billion (543 billion baht) and deepen access to global capital by Southeast Asia's biggest economy, finance minister Sri Mulyani Indrawati told Reuters.
Goldman, Malaysia sign off on $3.9bn 1MDB settlement
AFP, Published on 19/08/2020
» KUALA LUMPUR: Goldman Sachs and Malaysia have signed an agreement finalising the US bank's $3.9 billion settlement over the 1MDB scandal, allowing for its implementation.
Chinese and European shares gain as dollar slides
Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 01/08/2020
» Recap: Chinese stocks edged up and European shares recovered from their lowest levels in a month, while Asian currencies were on course to end July with their best performance in months, as the US dollar tumbled on worries over a second Covid-19 outbreak derailing the US economic recovery.
Goldman makes $3.9bn deal with Malaysia
Bloomberg News, Published on 24/07/2020
» KUALA LUMPUR: Goldman Sachs has reached a deal under which Malaysia will drop all criminal and regulatory proceedings against the US bank in exchange for $3.9 billion in reparations for its role in raising money for the troubled sovereign wealth fund 1MDB.