Criminal charges in 1MDB case is a warning for banks

The criminal charges announced by the US Department of Justice in the scandal surrounding 1MDB is a cautionary tale for banks operating in Asia.

Criminal charges in 1MDB case is a warning for banks

The first criminal charges announced by the US Department of Justice DOJ in the scandal surrounding a defunct Malaysian state fund is a cautionary tale for banks operating in Asia. The frequent allusions to Goldman Sachs in the latest DOJ documents on this fund - 1MDB - should be seen as a warning to banks not to put profits ahead of corporate governance. 

In an indictment posted on the website of the DOJ on...

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