One of his first major headaches as CEO.
Bloomberg News reports that at least three Goldman bankers were implicated by the U.S. Department of Justice in a multiyear criminal enterprise that included bribing officials in Malaysia and elsewhere and laundering hundreds of millions of dollars.
In one of his first major headaches as CEO, Solomon will have to wrestle with the fallout from the firm’s growing entanglement in the high-profile corruption probe.
Bloomberg also reports that a former Goldman banker is fighting extradition to the U.S., where he would face charges of money laundering and bribery related to 1MDB, according to people with knowledge of the matter.
Roger Ng was arrested last week in Malaysia at the request of American authorities. He’s filing an application to review the U.S. detention and extradition order, said the people, who asked not to be identified as the deliberations are private.