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Goldman stock slumps as cloud of 1MDB scandal darkens

US Justice Department is pursuing a case that is shaping up to become the first significant test of Goldman’s new CEO

Goldman's former CEO Lloyd Blankfein (pictured) is reported to have had meetings with the figure at the center of the 1MDB scandal, Jho Low.
Goldman's former CEO Lloyd Blankfein (pictured) is reported to have had meetings with the figure at the center of the 1MDB scandal, Jho Low. Photo: Getty Images

Investors seem to be growing more worried about the potential fallout from the multibillion-dollar 1MDB fraud scandal on Goldman Sachs, driving its shares down 11% over the last two sessions.

Shares of Goldman tumbled 9% on Friday, following reports that Lloyd Blankfein, the firm’s current chairman and former CEO, had twice attended meetings with the figure at the center of the scandal, Jho Low.

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