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

Pedro Gonçalves
clock
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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login