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Prosecutors seek court change for Goldman Sachs's 1MDB trial


Added 10-22-19 03:03:02am EST - “Malaysian prosecutors are seeking a court change for Goldman Sachs's criminal trial over its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Prosecutors seek court change for Goldman Sachs’s 1MDB trial”. Below is an excerpt from the article.

KUALA LUMPUR, Malaysia (AP) - Malaysian prosecutors are seeking a court change for Goldman Sachs’s criminal trial over its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB.

Hisyam Teh Poh Teik, a lawyer for Goldman, said Tuesday prosecutors informed the court now hearing the case that they had applied to transfer it to the high court. He said the lower court scheduled an update on the transfer to be heard Dec. 16.

Malaysian and U.S. prosecutors allege bond sales organized by Goldman Sachs for 1MDB provided one of the means for associates of former Malaysian leader Najib Razak to steal billions from a fund that was ostensibly set up to accelerate Malaysia’s economic development.

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