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Malaysian Auditor General finds 'weaknesses' in Goldman Sachs’ handling of 1MDB bonds

By Toh Han Shih ( July 11, 2016, 10:23 GMT | Insight) -- The Malaysian Auditor General has found “weaknesses” in Goldman Sachs’ handling of billions of dollars of bonds issued by 1Malaysia Development Berhad. The auditor also discovered that $1.28 billion of the proceeds of the Malaysian state fund’s bond issue were sent to a secretive offshore company. The Malaysian Auditor General has found “weaknesses” in Goldman Sachs’ handling of billions of dollars of bonds issued by 1Malaysia Development Berhad, or 1MDB. The auditor also discovered that $1.28 billion of the proceeds of the Malaysian state fund’s bond issue were sent to a secretive offshore company. ...

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