Crime & Courts

Case mention of Goldman Sachs entity set on Jan 14

KUALA LUMPUR: The case against Goldman Sachs (Singapore) Pte relating to the issuance of US$6.5 billion bonds to 1Malaysia Development Bhd (1MDB) will be mentioned on Jan 14 next year.

Deputy public prosecutor Zaki Asyraf Zubir said the date was fixed by the High Court today after he informed the judge that the notice of summons against the entity is still in process.

“We will update on the status of the service of summons when the case comes up for mention on Jan 14,” he said after the matter came up before judge Zaini Mazlan in chambers today.

Goldman Sachs International, its two entities – Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore) – fugitives former 1MDB general counsel Loo Ai Swan and businessman Low Taek Jho, and former banker Tim Leissner were charged with the issuance of the US$6.5 billion bonds to 1MDB’s independent power plant purchases, Tun Razak Exchange and Bandar Malaysia projects.

The criminal charges against them were transferred from the Magistrate’s Court to the High Court on Dec 16, after Zaini allowed the prosecution’s application for the transfer.

Counsels Datuk Prem Ramachandran and Krishna Dallumah appeared for Goldman Sachs (Singapore).

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