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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SRC appeal: Prosecution begins submissions, says Najib had personal interest in former 1MDB unit

PUTRAJAYA (April 14): The prosecution in the hearing of ex-prime minister Datuk Seri Najib Razak’s appeal here today against his conviction and sentencing with regard to the SRC International Sdn Bhd case, indicated that there is clear evidence Najib had a personal interest in SRC when he chaired two Cabinet meetings that deliberated over and approved the application for government guarantees (GG) linked to Retirement Fund (Incorporated)’s RM4 billion loan to SRC.

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