Investigators’ meetings with current and former Goldman Sachs employees are part of a criminal probe into fund flows related to 1MDB, the people said. Investigators in Singapore have asked for details about specific meetings involving Goldman Sachs officials concerning the bond deals, the people said. The 1MDB bonds were arranged and underwritten by Goldman Sachs International, the bank’s London-based unit. Goldman Sachs earned some $593 million in fees and commissions for arranging the 1MDB bond deals -- a sum that drew scrutiny from Malaysian politicians. Goldman Sachs has previously said the Malaysia fees represented its underwriting risks and market conditions at the time.

Source: Bangkok Post November 03, 2017 04:18 UTC