Check out our slate of Daily Kos-endorsed candidates

. November 2, 2010: (Clinton) Remarks with Malaysian Foreign Minister Anifah Aman

"Finally, we are pleased that Malaysia joined last month's negotiations for the Trans-Pacific Partnership.

That is a pact that would expand markets and create a level playing field for people in every country that does participate.

I know there are tough issues to work out, as there always are with these agreements, but Malaysia's leadership in this region for greater economic growth is absolutely essential."

November 2, 2010: Secretary Clinton's Meeting with Kuala Lumpur Embassy Staff and Their Families


"And I think we have tremendous opportunities here. But I know when I leave tomorrow, the work to make those opportunities into realities falls to all of you. So I know a lot is expected of you, but we're going to be doing even more in Malaysia.

We have some very exciting work on the Trans-Pacific Partnership, enhancing trade and investment (inaudible) that will promote closer cooperation."

U.S. Examines Goldman Sachs Role in 1MDB Transactions; FBI and Justice Department gather information about bank's role in transactions at Malaysia fund

Lamar, Mia; Hope, Bradley; Baer, Justin. Wall Street Journal (Online) 14 Oct 2015: n/a.


The bank was consulted during 1MDB's inception, advised it on three acquisitions and arranged the sale of $6.5 billion in bonds that alone brought in close to $600 million in fees, according to people close to the bank.

1MDB is now entangled in accusations of billions of dollars of missing money, putting it at the center of a political crisis for Malaysian Prime Minister Najib Razak, who oversees the fund.

Goldman Sachs Group Inc.'s role as adviser to a politically connected Malaysia development fund resulted in years of lucrative business. It also brought exposure to an expanding scandal.

As part of a broad probe into allegations of money laundering and corruption, investigators at the Federal Bureau of Investigation and the Justice Department have begun examining Goldman Sachs's role in a series of transactions at 1Malaysia Development Bhd., people familiar with the matter said.

The inquiries are at the information-gathering stage, and there is no suggestion of wrongdoing by the bank, the people said. Investigators "have yet to determine if the matter will become a focus of any investigations into the 1MDB scandal," a spokeswoman for the FBI said.

The widening scandal --investigators in five countries are now looking into 1MDB--highlights the sometimes risky path that Goldman has cut in emerging markets in search of faster growth.

A few years before the Malaysia deals, Goldman did a series of controversial transactions with the Libyan Investment Authority that also brought unwelcome attention.

The Libyan sovereign-wealth fund claimed in a lawsuit filed in 2014 in London that the bank took advantage of its unsophisticated executives to sell them complicated and ultimately money-losing investments. Goldman has said the claims are without merit. A trial in the suit is scheduled to begin next year.


The bank earned $350 million for executing nine trades for Libya, according to the investment authority.

It earned far more from the Malaysian fund. The bank was consulted during 1MDB's inception, advised it on three acquisitions and arranged the sale of $6.5 billion in bonds that alone brought in close to $600 million in fees, according to people close to the bank.

1MDB's Latest Act: Two Obama Fundraisers, One Fugee and $69 Million; There are no allegations of wrongdoing, but the deal has generated controversy in Malaysia

Hope, Bradley. Wall Street Journal (Online) 12 Nov 2015: n/a.

The fund, 1Malaysia Development Bhd., paid private-equity group DuSable Capital Management LLC $69 million to buy its stake in a joint venture to develop solar power plants in the Southeast Asian country, the two sides said Wednesday.
The sprawling web of investments by a Malaysian government fund at the center of a corruption probe now includes two former fundraisers for President Barack Obama and a hip-hop superstar.

The fund, 1Malaysia Development Bhd., paid private-equity group DuSable Capital Management LLC $69 million to buy its stake in a joint venture to develop solar power plants in the Southeast Asian country, the two sides said Wednesday.
The parties had signed an agreement in April 2014 giving DuSable a 49% stake, but 1MDB agreed to buy out the firm six months later, before construction had begun on any project, they said.

DuSable was founded in May 2013 by Frank White Jr., a member of Mr. Obama's 2008 national finance committee and a fundraiser for Hillary Clinton; Shomik Dutta, a former special assistant at the White House who worked previously as an investment banker; and Pras Michel, one of the original members of the band the Fugees and the artist behind the song "Ghetto Supastar (That Is What You Are)."