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Three Goldman Sachs Group Inc. units facing charges in Malaysia for their alleged role in the 1MDB scandal pleaded not guilty on Monday, Bernama news agency reported.
A representative for Goldman Sachs International (UK), Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore) entered the plea at the Malaysian High Court, the report said. Case management will be on May 18, while hearing dates are set for Nov. 9-13, and between Jan. 4 and April 15, 2021.
The Goldman units are accused of misleading investors when arranging $6.5 billion of bond sales for troubled state fund 1MDB while allegedly knowing the monies would be misused.
To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net
To contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Yudith Ho
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