Goldman Sachs agrees to $3.9 billion deal with Malaysia to settle criminal probe into 1MDB scandal
International

Goldman Sachs makes a $3.9 billion deal with Malaysia

Malaysia is withdrawing pending criminal charges and said it won't seek charges against Goldman Sachs and its employees after a $3.9 billion settlement deal, except for Tim Leissner and Roger Ng, the former Goldman bankers accused of helping Low. While Leissner has pleaded guilty for his role in the scheme, Ng has pleaded not guilty and last year was extradited to the U.S. to face the Justice Department charges

business-news crime malaysia

Sat Jul 25 - Cnbc

Related Articles

Oracle is in talks to acquire TikTok's U.S. operations, challenging Microsoft, source says
International
Oracle is in talks to acquire TikTok's U.S. operations, challenging Microsoft, source says

Oracle, an enterprise software giant, is in talks to acquire social media company TikTok's U.S., Canadian, Australian and New Zealand assets, according to a person familiar with the matter. Spokespeople for TikTok and Oracle declined to comment.

donald-trump business-news politics social-media tiktok bytedance united-states oracle-corp

Tue Aug 18 - Cnbc
China risks losing Taiwan 'forever' due to its actions in Hong Kong, says strategist
International
China risks losing Taiwan 'forever' due to its actions in Hong Kong, says strategist

China may never "reunify" with Taiwan now that the central government in Beijing has tightened its control over Hong Kong, one strategist said on Monday. The Chinese Communist Party has never governed the island, but has sought to push Taiwan to accept Beijing's rule under a "one country, two systems" framework.

china business-news economy taiwan asia-economy world-economy asia-news

Mon Aug 17 - Cnbc
Singapore, Malaysia agrees to resume cross-border travel from August 10
International
Singapore, Malaysia agrees to resume cross-border travel from August 10

Singapore and Malaysia have settled arrangements for cross-border travel between both countries, but are not yet ready to allow daily commuting, said Singapore’s Minister for Foreign Affairs, Vivian Balakrishnan. Dr. Balakrishnan was speaking to Singapore reporters at the Woodlands Immigration and Checkpoints Authority building on Sunday

travel malaysia singapore

Sun Jul 26 - CNA
Malaysia angry over Al Jazeera’s documentary on undocumented migrants
International
Malaysia angry over Al Jazeera’s documentary on undocumented migrants

A diplomatic spat erupted between Malaysia and Al Jazeera over COVID-19 might affect ties between two Muslim countries – Malaysia and Qatar. The trigger for the row was Al Jazeera‘s 26-minute documentary ‘Locked up in Malaysia’s Lockdown‘, which depicted how undocumented migrant workers are being rounded-up in a military-style crackdown and detained in camps on the pretext of implementing a coronavirus-induced lockdown

documentary malaysia migrants aljazeera

Sat Jul 11 - Thewire