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KUALA LUMPUR: The Supreme Court granted the exoneration and acquittal of Goldman Sachs International Ltd and its two Asian entities on charges related to the sale of 1Malaysia Development Berhad (1MDB) bonds worth US $ 6.5 billion (US $ 27.2 million). Americans).
Judge Mohamed Zaini Mazlan made the decision here on Friday (September 4), after allowing the prosecution’s request to drop charges against the UK-based company and its two entities in Singapore and Hong Kong.
The other two entities are Goldman Sachs Asia LLC and Goldman Sachs (Singapore) PTE.
Earlier, Deputy Prosecutor Masri Mohd Daud informed the court that the prosecution wished to withdraw its case against the three entities.
Attorney Hisyam Teh Poh Teik then asked the court to clarify whether the withdrawal request meant discharge and acquittal.
“I ask the court to grant an order of exoneration and acquittal,” he said.
DPP Masri confirmed that the prosecution was withdrawing the case for exoneration and acquittal.
On December 19, 2018, the prosecution filed four charges against Goldman Sachs and the other two for omitting material facts related to the bond sales between 1MDB and Aabar Investments PJS Ltd.
The companies allegedly committed the crime between March 19, 2012 and November 11, 2013 at the 1MDB office, level 8, Menara IMC, No 8, Jalan Sultan Ismail.
The charges were under Section 179 (c) of the Capital Markets and Services Act of 2007, which carries a maximum of 10 years in prison and a fine of not less than RM1 thousand on conviction.
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