Tag Archives: scandal

MNA Business Desk: Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country’s wealth funds. However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB. He said Goldman, which had helped to raise money for the fund, had been deceived about details of the deals. Malaysia filed criminal charges against Goldman last month. It accused the investment bank of helping to misappropriate money intended for the fund. The US and other countries are also investigating ...

MNA Tech Desk: A scandal engulfing Facebook over the use of its data by political consultants widened on Tuesday when a whistleblower said Canadian company AggregateIQ had developed a programme to target Republican voters in the 2016 US election. Christopher Wylie, who previously revealed that consultancy Cambridge Analytica had accessed the data of 50 million Facebook users to build voter profiles on behalf of Donald Trump’s campaign, said AggregateIQ (AIQ) had built software called Ripon to profile voters. Wylie was giving evidence to a British parliamentary committee over the scandal, minutes after Facebook CEO Mark Zuckerberg declined to appear before ...