Hong Kong fined Goldman $ 350 million for 1MDB

© Reuters. FILE PHOTO: The ticker symbol and logo for Goldman Sachs displayed on a screen on the floor of the NYSE in New York

HONG KONG (Reuters) – Hong Kong market watcher fined Goldman Sachs (Asia) LLC $ 350 million for its role in the 1MDB scandal in Malaysia.

The Securities and Futures Commission said the Goldman Sachs (N 🙂 entity made serious mistakes and that its management controls were flawed that contributed to the $ 2.6 billion in 1Malaysia Development funds in three bond offerings in 2012 Berhad (1MDB) were abused and in 2013.

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