Goldman Sachs facing criminal charges in Malaysia over 1MDB scandal

Malaysian prosecutors have filed criminal charges on Monday accusing Goldman Sachs subsidiaries and a former partner of the firm, Tim Leissner, of making false and misleading statements when facilitating the sale of international bonds for the country's state investment fund, 1MDB, the Wall Street Journal reports.

The big picture: Charges against the bank were considered possible for its connection to the multi-billion dollar scandal, though it's telling that Malaysia is charging Goldman Sachs itself. The bank denies any wrongdoing. Leissner already pleaded guilty to U.S. charges of bribery and money laundering related to the case earlier this year, and Malaysian authorities have detained another former Goldman executive, Roger Ng Chong Hwa.