Aug 7 (Reuters) – Federal prosecutors drafted a prison criticism towards a former Goldman Sachs banker early this 12 months for his alleged function in a Malaysian fraud, however the expenses had been by no means filed due to a Justice Division turf battle, the New York Instances reported on Tuesday.
The inquiry is now with federal prosecutors in Brooklyn who’re investigating Goldman Sachs itself, the Instances reported, citing individuals acquainted with the investigation.
The investigation issues the disappearance of about $four billion from Malaysian authorities funding fund 1Malaysia Growth Berhad, or 1MDB, the report stated.
Neither Goldman nor the U.S. Division of Justice instantly responded to Reuters’ requests for remark. (Reporting by Diptendu Lahiri in Bengaluru; Modifying by Sai Sachin Ravikumar)