Goldman Sachs expresses disappointment over former employees breaking the law
Goldman Sachs Chief Executive David Solomon said on Wednesday it was "very distressing" that two former employees "blatantly broke the law" in their dealings with Malaysian state fund 1MDB.
U.S. prosecutors filed criminal charges against the two former Goldman bankers and a Malaysian financier over the alleged theft of billions of dollars from the fund.
"It is obviously very distressing to see two former Goldman Sachs employees went so blatantly around our policies and so blatantly broke the law," Solomon said in an interview with Bloomberg TV in Singapore.
"I feel horrible about the fact that people who worked at Goldman Sachs, and it doesn't matter if it's a partner or it's an entry-level employee, would go around our policies and break the law," Solomon said.
(With inputs from agencies.)
- READ MORE ON:
- Chief Executive
- Job
- Senior management
- United States Secretary of State
- Secretary of state
- United States of America
- Editing
- Video editing
- Video
- 1Malaysia
- 1Malaysia Development Berhad
- Malaysia
- Malaysia national football team
- Prime Minister of Malaysia
- Singapore
- Chief executive officer
- United States
- Bloomberg Television
- David M. Solomon
- Goldman Sachs
ALSO READ
Retail buying in Asia including India fuels gold price momentum: Goldman Sachs
Goldman Sachs' profit beats as investment banking fuels highest earnings since 2021
Goldman Sachs profit beats as investment banking fuels highest earnings since 2021
Goldman Sachs profit beats as investment banking fuels highest earnings since 2021
Goldman Sachs profit beats as investment banking fuels highest earnings since 2021