Goldman Executive Exits After He Is Barred From Banking Over 1MDB Scandal

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Goldman Executive Exits After He Is Barred From Banking Over 1MDB Scandal
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The Federal Reserve barred Andrea Vella for his role in Goldman’s financing of a multibillion-dollar fraud involving the 1Malaysia Development Bhd. sovereign-wealth fund

Andrea Vella permanently barred for his role in Goldman’s financing of a multibillion-dollar fraud involving a sovereign-wealth fund

With the indictment of two former senior Goldman Sachs bankers, accused by U.S. prosecutors of paying bribes, stealing and laundering money from a Malaysian sovereign-wealth fund, the Wall Street giant finds itself at the center of one of the world’s largest-ever financial scandals. Photo: Reuters

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