More details into Goldman's Malaysia fund issues

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

The bank hired the daughter of an ally to Malaysian Prime Minister Najib Razak around the time its bankers were trying to win business from the country's investment fund 1MDB, according to a WSJ report.

The Journal yesterday reported that high-powered rainmaker Tim Leissner was let go from Goldman (NYSE:GS) over this issue.

Goldman is among a number of U.S. banks under investigation for their hiring practices in Asia.

Previously: WSJ: Goldman partner quit after violations (March 8)

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