Malaysia's criminal case against U.S. investment bank Goldman Sachs involvi...
KUALA LUMPUR - Malaysia’s criminal case against U.S. investment bank Goldman Sachs involving $6.5 billion 1MDB bonds will be postponed to September, a court ruled on Monday, after defense lawyers asked for more time to receive instructions from their clients abroad.
Malaysian prosecutors had previously issued summonses to three Goldman Sachs units in the United Kingdom, Hong Kong and Singapore, requiring them to respond to criminal charges filed against them over bond issues that the bank had arranged for state fund 1Malaysia Development Berhad . “Under such circumstances, we ask for another date... so that we will have enough time to take instructions from our clients,” lawyer Hisyam Teh told the court.Last December, Malaysian prosecutors had filed charges against the three Goldman Sachs units for misleading investors by making untrue statements and omitting key facts in relation to bond issues that the bank had arranged for 1MDB.
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