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Midweek Roundup: U.S. Subpoenas Goldman Sachs, $400 Million Paid to Iran, and More
printThe U.S. Justice Department and Securities and Exchange Commission subpoenaed Goldman Sachs earlier this year for internal documents tied to its business with 1Malaysia Development Bhd., or 1MDB, after an estimated $2.5 billion was embezzled from the sovereign wealth fund and laundered through a network of shell companies, The Wall Street Journal reported. More New York-based hedge fund Och-Ziff Capital Management Group LLC has set aside $500 million to settle U.S. charges that it paid bribes to secure business from Libya's sovereign wealth fund and other deals in Africa, according to Bloomberg. More U.S. officials secretly arranged the delivery of...
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