The Wall Street bank received US$581.5 million in fees from 1MDB, inclusive of US$567 million in commission from the three bond sales. Its Hong Kong unit alone collected US$210 million, or 37 per cent of the total fees from the debt sales. Photo: Reuters The Wall Street bank received US$581.5 million in fees from 1MDB, inclusive of US$567 million in commission from the three bond sales. Its Hong Kong unit alone collected US$210 million, or 37 per cent of the total fees from the debt sales. Photo: Reuters
The Wall Street bank received US$581.5 million in fees from 1MDB, inclusive of US$567 million in commission from the three bond sales. Its Hong Kong unit alone collected US$210 million, or 37 per cent of the total fees from the debt sales. Photo: Reuters

Malaysia 1MDB scandal

Hong Kong slaps a record fine of US$350 million on Goldman Sachs’ Asia unit for its role in underwriting 1MDB’s bond sales

  • The fine is the biggest amount imposed by the SFC, which blasted “serious lapses and deficiencies … that contributed to misappropriation of funds at 1MDB”
  • Goldman Sachs (Asia) in Hong Kong ultimately received almost US$210 million in fees, the largest share out of Goldman Sachs units

Topic |   Malaysia 1MDB scandal
The Wall Street bank received US$581.5 million in fees from 1MDB, inclusive of US$567 million in commission from the three bond sales. Its Hong Kong unit alone collected US$210 million, or 37 per cent of the total fees from the debt sales. Photo: Reuters The Wall Street bank received US$581.5 million in fees from 1MDB, inclusive of US$567 million in commission from the three bond sales. Its Hong Kong unit alone collected US$210 million, or 37 per cent of the total fees from the debt sales. Photo: Reuters
The Wall Street bank received US$581.5 million in fees from 1MDB, inclusive of US$567 million in commission from the three bond sales. Its Hong Kong unit alone collected US$210 million, or 37 per cent of the total fees from the debt sales. Photo: Reuters
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