Alex Turnbull did not leave bank over 1MDB, says Goldman Sachs

Goldman Sachs is under scrutiny for its role in raising US$6.5 billion (RM26 billion) bonds for 1MDB in 2012 and 2013 to invest in energy projects and real estate, on which the firm earned US$593 million in fees. – EPA pic, March 12, 2018.

ALEX Turnbull, the son of Australian Prime Minister Malcom Turnbull, left Goldman Sachs after his trading activities were restricted, and not because he was singled out for flagging the international finance company’s role in the 1MDB scandal, the Australian Financial Review reports today.

Alex left Goldman Sachs in 2014 after compliance officers ordered him to stop trading in Australian media and technology securities because his father was the then communications minister.

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