• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Malaysia will seek $4.5 bn in damages from Goldman Sachs

JANFU

Not quite there yet, but getting close
Supporting Member
DP Veteran
Monthly Donator
Joined
Dec 27, 2014
Messages
36,703
Reaction score
13,109
Location
Best Coast Canada
Gender
Male
Political Leaning
Undisclosed
Malaysia will seek $4.5 bn in damages from Goldman Sachs | Asia Times

Malaysia’s Attorney General Tommy Thomas is preparing a civil suit against US investment bank Goldman Sachs that will seek US$4.5 billion in damages for the US bank’s role in raising funds that were later misappropriated from the 1Malaysia Development Berhad (1MDB) fund, official sources familiar with the preparations told Asia Times.

The legal action, soon to be filed in a US court according to the same official sources, will represent the latest legal action taken against Goldman for its dealings with the scandal-plagued sovereign fund. 1MDB is currently the subject of corruption and money-laundering investigations in at least six countries, including the US.

Corruption has been known and reported for a number of years
Just another case where those involved should go to Jail.
And the Banks sanctioned


https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad_scandal

https://www.bloomberg.com/news/arti...b-scandal-shook-the-financial-world-quicktake
 

Skeptic Bob

DP Veteran
Joined
Oct 6, 2014
Messages
16,626
Reaction score
19,488
Location
Texas
Gender
Male
Political Leaning
Libertarian - Left
They will eventually end up paying something and then will continue along their way with business as usual.
 

ElChupacabra

Me cago en las cabras!
Supporting Member
DP Veteran
Joined
Apr 17, 2018
Messages
16,502
Reaction score
8,749
Location
The Garden State
Gender
Male
Political Leaning
Undisclosed
They will eventually end up paying something and then will continue along their way with business as usual.

Yes, unfortunately this is how it will likely work out. It's a shame that white collar crime is perceived as being "victimless" and not dealt with harshly.
 

DaveFagan

Iconoclast
DP Veteran
Joined
Mar 20, 2011
Messages
10,090
Reaction score
5,056
Location
wny
Gender
Undisclosed
Political Leaning
Conservative
Yes, unfortunately this is how it will likely work out. It's a shame that white collar crime is perceived as being "victimless" and not dealt with harshly.

Hot dam, mon! If you put all the crooks in jail, who would run the Country?
/
 

Hawkeye10

Buttermilk Man
DP Veteran
Joined
Dec 29, 2015
Messages
45,404
Reaction score
11,744
Location
Olympia Wa
Gender
Male
Political Leaning
Other
It would take a lot to get me there, generally the citizens are responsible for their corrupt governments.
 

The Mark

Sporadic insanity normal.
Supporting Member
DP Veteran
Monthly Donator
Joined
Sep 9, 2005
Messages
26,595
Reaction score
6,704
Location
Pennsylvania
Gender
Male
Political Leaning
Progressive
Top Bottom