BENGALURU: Goldman Sachs Group Inc chief executive officer (CEO) David Solomon on Wednesday apologised to Malaysians for former banker Tim Leissner’s role in the sovereign wealth fund 1Malaysia Development Bhd (1MDB) scandal, but said the bank had conducted due diligence before every transaction.
Goldman is being investigated by Malaysian authorities and the US Department of Justice (DoJ) for its role as underwriter and arranger of three bond sales that raised US$6.5 billion for 1MDB.
KUALA LUMPUR (Jan 18): The FBM KLCI rose after opening lower today as global investors took cue from a a report by The Wall Street Journal that US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports.
Such sentiment led to anticipation of a thaw in the China-US trade war. At Bursa Malaysia, the KLCI opened 0.67 point lower at 1,682.30 at 9am. At 9:05am, the KLCI rose 0.21 point to 1,683.18.