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26

1MDB Case Hangs Over Goldman Sachs as Investigators Dig for Answers

By Tony Seruga

The police raiding the 1MDB office in Malaysia in 2015. The government has said that no 1MDB funds were misappropriated. CreditMohd Rasfan/Agence France-Presse — Getty Images

Even as Goldman Sachs is gaining a more prominent profile in the administration of Donald J. Trump, the Wall Street investment firm is undergoing scrutiny in an investigation in a sprawling international money laundering and embezzlement scheme.

Prosecutors have said that billions of dollars that Goldman raised for a Malaysian government investment fund — known as 1Malaysia Development Berhad, or 1MDB — were channeled into a web of personal bank accounts and was ultimately used to buy paintings, luxury real estate and investment stakes in movies like “The Wolf of Wall Street.”…

1MDB Case Hangs Over Goldman Sachs as Investigators Dig for Answers

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