HONG KONG — Malaysia filed criminal charges against three subsidiaries of Goldman Sachs on Monday, accusing the Wall Street bank of making false and misleading statements. The Malaysian authorities also charged several individuals in connection to a multibillion-dollar international scandal, which has ensnared Goldman and led to the ouster of Malaysia’s former prime minister, Najib Razak. The government said it would seek criminal fines in excess of $2.7 billion related to the charges. “We believe these charges are misdirected, will vigorously defend them and look forward to the opportunity to present our case,” said Edward Naylor, a Goldman spokesman in Asia, in an emailed statement. “The firm continues to cooperate with all authorities investigating these matters.”

Source: New York Times December 17, 2018 08:51 UTC