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Goldman Sachs CEO personally outraged by 1MDB scandal

Friday, November 16, 2018, 8:36 AM

David Solomon had a message for Goldman Sachs Group Inc. employees shaken by the firm's involvement in a multibillion 1MDB scandal: this isn't us. "I am personally outraged that any employee of the firm would undertake the actions spelled out in the governments pleadings," the firm's chief executive officer said in a voicemail left with employees.
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Goldman shares tumble to 2016 levels with 1MDB pressure mounting

Tuesday, November 13, 2018, 8:35 AM

Goldman Sachs Group Inc.'s reputation is facing one of its biggest crises of decade and now its shares are, too. Since prosecutors implicated a trio of Goldman Sachs bankers in multibillion-dollar Malaysian fraud early this month, investors have endured an almost daily-drip of news on firm's ties to the scandal. "It's not so much the dollar amount," said Gerard Cassidy at RBC Capital Markets.
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1 Of 62 Stranded Indian Workers In Malaysia To Fly Home: NGO

Monday, November 12, 2018, 11:08 AM

One of the 62 stranded job seekers from India, allegedly held captive in Malaysia, will return home from Kuala Lumpur by Monday morning, an NGO official said. The National Anti-Trafficking Committee had sought assistance from the Ministry of External Affairs to rescue all the others who were held captive in Malaysia by the two organisations which had hired them.

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