Goldman Sachs arranged for the bond sale, and has collected some $590 million in commissions for its work. The investigators also want to interview a Goldman Sachs employee over the bank's role, according to The Wall Street Journal, which first broke the story. Malaysia has been gripped for more than a year by allegations that billions of dollars were looted from state investment fund 1MDB in an audacious campaign of fraud and money laundering. US regulators want to see if Goldman Sachs followed US banking laws that requires banks and financial institutions to report suspicious transactions. When contacted by AFP, Goldman Sachs had no comment.

Source: Bangkok Post July 30, 2016 11:37 UTC