1MDB scandal: Senators urge US Labor Dept to hold Goldman Sachs accountable — report

KUALA LUMPUR (April 15): US senators Elizabeth Warren and Tina Smith have urged the Department of Labor to reconsider plans to exempt The Goldman Sachs Group Inc from penalties for its role in the 1Malaysia Development Bhd (1MDB) scandal that would have forfeited Goldman's rights to manage US workers’ retirement assets, according to a report by Pensions & Investments, which cited the senators' letter to the department’s Employee Benefits Security Administration (EBSA).

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