Goldman Sachs executive banned for life from banking industry over 1MDB

Pedro Gonçalves
Goldman Sachs executive banned for life from banking industry over 1MDB

A senior Goldman Sachs executive left the firm after the Federal Reserve permanently barred him from the US banking industry for his alleged role in a Malaysian corruption scandal involving the looting of billions of dollars from a Malaysian sovereign wealth fund. Andrea Vella, formerly one of Goldman Sachs' most senior investment bankers in Asia, failed to provide information he had about Malaysian financier Low Taek Jho's involvement in three bond offerings that Goldman underwrote for Ma...

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