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Goldman Sachs’s 1MDB Case Completes Move to Malaysia High Court

Feb. 5, 2020, 2:34 AM

Malaysia completed the transfer of criminal cases against the three Goldman Sachs Group Inc. units facing charges linked to 1MDB to a higher court.

The High Court granted the application to move Goldman Sachs Singapore Pte.’s case from the Magistrate Court, after previous attempts to do so were unsuccessful as the unit hadn’t successfully been served the court summon.

“It’s good news that everything was settled and the case has been transferred,” Aaron Paul Chelliah, deputy public prosecutor, said in Kuala Lumpur on Wednesday. “At least one step in the process is complete, so it’s a big development for us.” ...