Malaysia Scandal Looking Dire for Goldman Sachs

Malaysia has filed criminal charges against Goldman Sachs and two former executives over their alleged role in the ransacking of a multibillion-dollar state investment fund.

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NEW YORK, NEW YORK - DECEMBER 17: The Goldman Sachs Manhattan headquarters stands in Manhattan on December 17, 2018 in New York City. Malaysia has filed criminal charges against Goldman Sachs and two former executives on Monday over their alleged role in the ransacking of a  multibillion-dollar state investment fund. (Photo by Spencer Platt/Getty Images)

The Goldman Sachs Manhattan headquarters. Malaysia has filed criminal charges against Goldman Sachs and two former executives over their alleged role in the ransacking of a multibillion-dollar state investment fund.  Spencer Platt/Getty Images

Goldman Sachs, which has survived and thrived despite countless scandals over the years, may have finally stepped in a pile of trouble too deep to escape.

There’s even a Donald Trump angle to this latest great financial mess, but the outlines of that subplot – in a case that has countless – remains vague. The bank itself is in the most immediate danger.

The company’s stock rallied Thursday to close at 165, stopping a five-day slide in which the firm lost almost 12 percent of its…

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4 thoughts on “Malaysia Scandal Looking Dire for Goldman Sachs

    • My pleasure, Rosaliene. I have been following events in Malaysia quite closely (via Al Jazeera) because they are one of the co-signers of TPPA. We were hoping that the new government might withdraw from the treaty.

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