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New York regulator queries Goldman again on Malaysia’s 1MDB fund: source

BY SUZANNE BARLYN
Reuters
Aug 4, 2016

New York state’s financial regulator has sent a second request to Goldman Sachs Group Inc (GS.N) for information about its fundraising for Malaysian sovereign wealth fund 1MDB, a person familiar with the matter said.

The New York State Department of Financial Services (NYDFS), in a letter sent late on Thursday, also requested a meeting with Goldman on or before Aug. 31, the person said. The request follows a letter the regulator sent to Goldman last month seeking details on the matter.

The source was not authorized to discuss the matter publicly.

“We are aware of their interest in this matter and have been in dialogue with them on it for some time,” a Goldman Sachs spokesman said. Continue reading “New York regulator queries Goldman again on Malaysia’s 1MDB fund: source”

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Can IGP throw light on the “Mexican standoff” referred to by UMNO Youth deputy chief and whether the IGP or the police were in anyway involved in such a “Mexican standoff”?

It was all completed in shot-gun speed:

• the police report by UMNO Youth vice-chief Khairul Azwan Harun on Tuesday, 26th July against three Tan Sris, former Attorney-General Tan Sri Gani Patail, former Bank Negara Governor Tan Sri Zeti Akhtar and the former Malaysian Anti-Corruption Commission Chief Commissioner Tan Sri Abu Kassim Mohamed for top-level conspiracy to topple the Prime Minister, Datuk Seri Najib Razak;

• the police recording of Khairul’s statement on Friday, 29th July;

• and the announcement by the Inspector-General of Police, Tan Sri Khalid Abu Bakar that the police will not investigate Khairul’s statement alleging a high-level conspiracy by the three Tan Sris to topple the Prime Minister as Khairul’s report was based on assumptions without any proof to substantiate his allegations and therefore did not warrant further investigations.

All well and good, which bespeak of a highly competent and efficient police force, except for two tails left behind by the shot-gun disposal of one of the most serious police reports lodged in the nation’s history – a high-level conspiracy to topple the sitting Prime Minister. Continue reading “Can IGP throw light on the “Mexican standoff” referred to by UMNO Youth deputy chief and whether the IGP or the police were in anyway involved in such a “Mexican standoff”?”