Malaysia files charges against Goldman Sachs over 1MDB scandal

The US investment bank and two of its former employees are accused of breaking Malaysia's securities laws, Malaysian Attorney General Tommy Thomas said in a statement Monday.

The case relates to $2.7 billion that was allegedly misappropriated from 1MDB bond sales, Thomas added.

A Goldman Sachs (GS) spokesman said in a separate statement that the bank would "vigorously defend" itself against the charges.

This is a developing story.

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