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Goldman executive barred from banking over role in 1MDB scandal

Andrea Vella permanently banned for his role in Goldman’s financing of a multibillion-dollar fraud involving the SWF

Tuesday 4 February 2020 at 17:36

The Federal Reserve on Tuesday said it had permanently barred a senior Goldman Sachs executive from the banking industry over his role in a high-profile corruption scandal.

The Fed barred Andrea Vella for his role in Goldman’s financing of a multibillion-dollar fraud involving the 1Malaysia Development sovereign wealth fund.