US probes Deutsche Bank over dealings with Malaysia's 1MDB fund

Pedro Gonçalves
US probes Deutsche Bank over dealings with Malaysia's 1MDB fund

The US Department of Justice has launched a probe against German lender Deutsche Bank to examine the latter's role in the 1MDB Malaysian state fund scandal, the Wall Street Journal reports. The investigation centres on a former colleague of ex-Goldman Sachs banker Tim Leissner, who last year admitted to conspiracy charges linked to money laundering and foreign bribery. Goldman Sachs helped 1MDB raise $6.5bn in 2012 and 2013, much of which has gone missing. The Justice Department is focu...

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