1MDB: Dissecting One Of The World’s Biggest Financial Scandals

This session will look at extraordinary allegations of billion dollar fraud and corruption involving 1Malaysia Development Berhad, which is controlled by the Government of Malaysia and was set up ostensibly to facilitate long-term economic investment for the country through global partnerships and promoting foreign direct investment.

Goldman Sachs charged 10% for its work as the investment bank with respect to the issuance of two bonds (for this Sovereign fund), when the going rate for such work is one to two percent.

SEE:

1MDB: Dissecting One Of The World’s Biggest Financial Scandals