Goldman's role is under scrutiny as the Wall Street bank helped arrange $6.5 billion in bonds for 1MDB. Authorities in Malaysia accuse former employees and some of the bank's subsidiaries of stealing $2.7 billion during the process, and investigators believe cash was laundered through the US financial system. Malaysia has also charged former Goldman partner Tim Leissner and the bank's subsidiaries with making false statements in order to steal billions of dollars, and with bribing officials. The DoJ estimates that $4.5 billion was looted from the fund by Najib and his associates. Since losing power, Najib has been hit with dozens of charges linked to the scandal and last month went on trial.

Source: The Nation Bangkok May 06, 2019 09:33 UTC