Global Investigations Review - The law and practice of international investigations


Monday, 03 August 2020

Malaysia’s former AG says Goldman Sachs should have been prosecuted

Malaysia’s former Attorney General Tommy Thomas has said that the country should have prosecuted Goldman Sachs and its executives over the 1MDB scandal instead of agreeing to a $3.9 billion settlement with the US bank.

In an op-ed published on 3 August in the Malaysian newspaper The Edge, Thomas said: “We have a very strong case against all the accused, which we would have established at trial.” 

Thomas, who resigned in February, added that the court could have ordered the bank and executives to pay compensation to the country once a conviction was secured. 

Malaysia’s Anti-Corruption Commission (MACC) charged the bank as well as 17 current and former Goldman executives in August 2019.

SBM Offshore whistleblower says arrest is "political persecution"

The former head of legal affairs at oilfield services company SBM Offshore, Jonathan Taylor, says his arrest in Croatia on an Interpol red notice issued by authorities in Monaco is “political persecution”, the Telegraph reports

Monaco prosecutors have reportedly filed bribery and corruption charges against Taylor and want to extradite him.

Taylor left SBM Offshore in 2012 and has assisted corruption investigations into his former employer, which settled with Dutch authorities for a $240 million settlement in 2014. SBM Offshore has also settled probes by authorities in the US ad Brazil. 

Taylor’s wife reportedly said her husband assisted with the UK Serious Fraud Office’s investigation into corruption in Iraq, and that the agency had told Taylor not to travel to Monaco.

Former SBM Offshore executive Stephen Whiteley was sentenced to three years in prison on 30 July for his role in an Iraqi bribery scheme, after he was convicted at trial in London.

Deutsche Bank investigates Trump’s banker over Kushner-linked property deal

German lender Deutsche Bank has launched an internal investigation into banker Rosemary Vrablic over real estate she purchased in 2013 from a company partly owned by her long-time client Jared Kushner, The New York Times reports.

The bank is investigating Vrablic, who is also banker to President Donald Trump, alongside colleagues Dominic Scalzi and Matthew Pontoriero over her $1.5 million acquisition of a Park Avenue flat from Bergel 715 Associates.

Kushner disclosed financial information on 31 July that shows he received up to $5 million from Bergel 715 in 2019 and reportedly had a stake in the company at the time of the sale, according to a source cited in the New York Times. Kushner has denied having a role in the deal.

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