NEWS

1MDB-linked US$6.5b bonds case against Goldman Sachs transferred to High Court

Hidir Reduan Abdul Rashid

Published

The US$6.5 billion 1MDB bonds case against Goldman Sachs International and its Asian arm has been transferred from the Kuala Lumpur Magistrate’s Court to the High Court.

This followed High Court judge Mohamed Zaini Mazlan allowing the transfer application by DPP Norinna Bahadun during the open-court proceedings this morning.

It was reported on Oct 22 that the prosecution had filed an application to transfer the case against the United Stated-based international investment bank from the lower court to the Kuala Lumpur High Court.

Aside from Goldman Sachs International, the charges are also levelled against Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore) PTE.

Zaini allowed the transfer application against the Goldman Sachs International and Goldman Sachs (Asia) LLC following no objection raised by the international corporate group’s counsel Hisyam Teh Poh Teik...

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.

Advertisement