U.S. Federal Reserve bars Goldman Sachs executive from industry for role in 1MDB scandal
- Country:
- United States
The U.S. Federal Reserve announced Tuesday it had permanently barred Goldman Sachs executive Andrea Vella from the banking industry for his role in Malaysia's 1MDB scandal.
The regulator said Vella, who was co-head of Asia investment banking, failed to escalate Malaysian financier Low Taek Jho's involvement in 2012 and 2013 bond offerings by Malaysia's sovereign wealth fund arranged by Goldman, even though he was a "person of known concern" to the bank.
ALSO READ
-
East Asia’s AI Boom Fuels Growth and Opens a New Path to Better Jobs
-
UN Expert Urges Malaysia to Halt Myanmar Returns as Refugees Face War and Violence
-
Malaysia’s Return of 1,476 People to Myanmar Raises UNHCR Fears Over Their Safety
-
Myanmar Market Airstrikes Kill at Least 50 as UN Urges Malaysia to Halt Deportations
-
ADB’s New Malaysia Office to Drive ASEAN Power Links and Unlock Private Investment
Google News