What are the specific charges against Goldman Sachs in the 1MDB bond case?

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Goldman Sachs Faces Specific Charges Related to 1MDB Bond Omissions

Malaysia has filed four criminal charges against Goldman Sachs Group Inc. concerning the omission of material facts during the sale of bonds linked to 1Malaysia Development Berhad (1MDB). The prosecution is seeking to transfer these charges from the Magistrate’s Court to the High Court for further proceedings.
Allegations of Material Fact Omission

The charges, filed in December of the previous year, allege that Goldman Sachs failed to disclose crucial information pertaining to the sale of bonds. These transactions occurred between a subsidiary of 1MDB and Aabar Investment PJS Ltd. The alleged offences took place at 1Malaysia Development Berhad's offices in Kuala Lumpur between March 19, 2012, and November 11, 2013.
Legal Framework and Potential Penalties

Goldman Sachs is charged under Section 179(c) of the Capital Markets and Services Act 2007. If convicted, the company faces penalties stipulated under Section 182 of the same Act. These penalties include a potential prison sentence of up to 10 years and a fine of no less than RM1 million.
Involvement of Former Banker and Broader Misappropriation Claims

In connection with these bond sales, former Goldman Sachs banker Roger Ng Chong Hwa also faces charges. He is accused of abetting the company by omitting material facts and making false statements during the sale of the same notes and bonds. The United States Department of Justice has separately alleged that approximately US$4.5 billion was misappropriated from 1MDB between 2009 and 2014, underscoring the significant financial implications of the scandal.

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What are the specific charges against Goldman Sachs in the 1MDB bond case?

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