Goldman Sachs Subpoenaed by U.S. Agencies for Documents Related to 1MDB
Goldman Sachs Subpoenaed by U.S. Agencies for Documents Related to 1MDB
By JUSTIN BAER - July 29, 2016 8:22 p.m. ET
U.S. authorities have issued subpoenas to Goldman Sachs Group Inc. for documents related to the bank’s dealings with a Malaysian investment fund at the center of an international corruption scandal, a person familiar with the matter said.
Goldman received the requests for information earlier this year from the U.S. Justice Department and the Securities and Exchange Commission, the person said. Investigators have also subpoenaed a Goldman banker who worked closely with the Malaysian fund, The Wall Street Journal reported in March.
Under the subpoenas, Goldman is providing documents to the investigators, the person said.
The authorities also want to interview current and former Goldman employees in connection with the inquiries, though by Friday none of those meetings had occurred, people familiar with the matter said.
Goldman Sachs is also providing information to the Monetary Authority of Singapore, the city-state’s central bank and financial regulator that also has inquired about the firm’s work for the fund in question—1Malaysia Development Bhd., or 1MDB, the person said....
