1MDB-linked US$6.5b bonds case against Goldman Sachs transferred to High Court

The US$6.5 billion 1MDB bonds case against Goldman Sachs International and its Asian arm has been transferred from the Kuala Lumpur Magistrate’s Court to the High Court.

This followed High Court judge Mohamed Zaini Mazlan allowing the transfer application by DPP Norinna Bahadun during the open-court proceedings this morning.

It was reported on Oct 22 that the prosecution had filed an application to transfer the case against the United Stated-based international investment bank from the lower court to the Kuala Lumpur High Court.

Aside from Goldman Sachs International, the charges are also levelled against Goldman Sachs (Asia) LLC and Goldman Sachs (Singapore) PTE.

Zaini allowed the transfer application against the Goldman Sachs International and Goldman Sachs (Asia) LLC following no objection raised by the international corporate group’s counsel Hisyam Teh Poh Teik...