US agencies subpoena Goldman Sachs in 1MDB Malaysia probe
US regulators have issued subpoenas to Goldman Sachs for documents related to the investment giant's dealings with the 1MDB Malaysian state investment fund, a source close to the probe told AFP on Friday.
Subpoenas were issued a few months ago by investigators from the Department of Justice and Securities and Exchange Committee (SEC) the source said, speaking on condition of anonymity.
The investigators also want to interview a Goldman Sachs employee over the bank's role, according to The Wall Street Journal, which first broke the story.
The US officials, who base their authority on the Foreign Corrupt Practices Act, want to know why Goldman Sachs did not report transactions deemed suspicious that involve funds raised by bond offerings worth $6.5 billion (5.8 billion euros) for 1MDB, the source said.
Goldman Sachs arranged for the bond sale, and has collected some $590 million in commissions for its work.
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