Dec 17, 2018

Goldman Sachs facing criminal charges in Malaysia over 1MDB scandal

Photo: Ramin Talaie/Corbis via Getty Images

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.

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Updated 20 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 6,273,402 — Total deaths: 375,683 — Total recoveries — 2,697,873Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 1,811,277 — Total deaths: 105,147 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. Public health: Nearly 26,000 coronavirus deaths in nursing homes have been reported to federal health officials —Coronavirus looms over George Floyd protests across the country.
  4. Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
  5. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.
  6. 🎧 Podcast: The virus didn't go away.
Updated 1 hour ago - Politics & Policy

St. John's clergy: Trump used church as prop, Bible as symbol of division

Photo: Brendan Smialowski/AFP via Getty Images

Clergy of the historic St. John's Episcopal Church expressed furor and confusion over President Trump's visit on Monday, which he claimed was to honor the establishment after George Floyd protestors sparked a small fire on the property Sunday night.

The big picture: Park rangers and military police deployed tear gas and physical force to disperse peaceful protestors from Lafayette Park, which surrounds the White House, so Trump could walk to "pay respects" to the church — and a St. John's rector on the scene revealed in a Facebook post that she was left "coughing" from the tear gas.

Updates: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued for a seventh day across the U.S., with President Trump threatening on Monday to deploy the military if the unrest continues.

The latest: New York City Mayor Bill de Blasio tweeted early Tuesday that he'd just left the Bronx and the police commissioner was sending additional assistance to problem areas. Protesters were "overwhelmingly peaceful" Monday, he said. "But some people tonight had nothing to do with the cause + stole + damaged instead," he added.