Department of Justice, which alleged that he evaded internal accounting controls, paid bribes to various officials and conspired to launder money stolen from the Malaysian sovereign wealth fund. Ng appeared in court and pleaded not guilty to the charges. The Malaysian government also charged former Goldman Sachs banker Roger Ng with four counts of helping the company provide misleading statements in the bond offerings. Individuals also charged include former Goldman Sachs banker Timothy Leissner, who previously pleaded guilty to various charges related to the scandal, and Malaysian businessman Low Taek Jho. The Malaysian government in December 2018 filed charges against three units of Goldman Sachs over the investment banking giant's role in raising $6.5 billion for Malaysian state fund 1Malaysia Development Berhad, of which $2.7 billion was allegedly misappropriated, and allegedly providing misleading information in offering circulars for the bonds. A show cause notice is used when the contractor has failed to deliver the required supplies or to perform services on time, and the government must ascertain. It has been alleged by our Senior Executive (legal), after thorough scrutiny of relevant records, that you were involved in the espionage of vital data of our firm when you were posted in our office of (Place name) for one fortnight. Show-cause letters typically require recipients to explain why they should not be sanctioned, Reuters noted.ДЄlbar did not provide any details about the letter's contents or its issuance date and Goldman Sachs did not immediately comment when contacted by Reuters. PRE - SHOW CAUSE LETTERS If the principal and surety fail to appropriately respond to either Form 5955A or a Form 6084 within the time frames set forth. This show-cause notice is in the context of your involvement in the leakage of vital information of our firm to (Firm name).

Syed Zaid Albar, the chairman of the Malaysia Securities Commission, said in a March 14 press conference that they have issued a show-cause letter to Goldman Sachs Group Inc., Reuters reported.

Show cause letter