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Goldman Sachs criminal case over 1MDB formally ends in US courts

NEW YORK, May 7 ― A US judge yesterday formally ended the US government's criminal case against Goldman Sachs related to the Wall Street bank's work for the.

Trial over $1.8 bn fraud at Malaysia's 1MDB opens in Switzerland

Two men accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB went on trial in Switzerland on Tuesday, the latest hearings stemming from the vast multibillion-dollar financial scandal.They are accused by Swiss state prosecutors of involvement in a vast embezzlement operation orchestrated by Jho Low, an advisor to former Malaysian prime minister Najib Razak, with the complicity of the latter.

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