SC issues show-cause letter to Goldman Sachs
Securities Commission Malaysia Annual Report 2018 Media Conference From left to right: Mr. Ong Liang Heng, Executive Director, Chairman's Office, Mr. Eugene Wong, Managing Director, Corporate Finance & Investments and Datuk Syed Zaid Albar, SC Chairman. - AFIQUE YUSOFF/The Star
PETALING JAYA: The Securities Commission (SC) has issued a show-cause letter to Goldman Sachs, which is embroiled in multi-jurisdictional investigations into Malaysian state fund 1Malaysia Development Bhd (1MDB).
A show-cause letter typically requires the recipient to explain why they should not be subject to disciplinary action.
“We have issued a show-cause to Goldman Sachs,” SC chairman Datuk Syed Zaid Albar said at a press conference yesterday.
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