Goldman Sach's role in 1MDB part of FBI graft probe
UNITED States authorities are looking at Goldman Sachs Group's role as an advisor to Malaysian state development fund 1Malaysia Development Berhad (1MDB) as part of a broad probe into allegations of corruption and money laundering, The Wall Street Journal reported yesterday.
Inquiries by the Federal Bureau of Investigation (FBI) and the US Department of Justice are at the information-gathering stage and there is no suggestion of wrongdoing by Goldman Sachs, the paper reported, citing people familiar with the matter.
Investigators "have yet to determine if the matter will become a focus of any investigations into the 1MDB scandal", the newspaper quoted a spokesman for FBI as saying.
A Goldman Sachs spokesman in Hong Kong declined to comment. The FBI and the Justice Department were not available for comment outside US business hours.
In July, Malaysian anti-corruption officials investigating the allegations visited the local office of Goldman Sachs seeking documents relating to 1MDB, sources have told Reuters. 1MDB's advisory board is chaired by Malaysian Prime Minister Najib Razak.