Top Goldman Execs Aware of Massive 1MDB Bribes

Lax controls enabled US$1.6 billion in backhanders

By: Toh Han Shih

In May 2013, a Goldman Sachs managing director called an unnamed senior Goldman executive with what he thought was a disturbing report about Project Catalyze, a US$3 billion bond offer arranged by the giant investment bank for the state-backed 1Malaysia Development Bhd. (1MDB), which would later collapse into a US$4.6 billion river of re…