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KUALA LUMPUR (Reuters) - Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB.Those charged on Friday include Richard Gnodde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd (BABA.N) and a former director at Goldman Sachs (Asia) LLC, and Michael Sherwood, former vice chairman of Goldman Sachs Group.The U.S. Department of Justice is investigating the bank for its role as underwriter and arranger of the bond offer....

(Reuters) - The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday. The news comes after the bank announced plans to scrap its global equities unit, cut some fixed-income operations and slash 18,000 jobs globally in a 7.4-billion-euro ($8.34 billion) restructuring program. Deutsche Bank's work for 1MDB included helping to raise $1.2 billion in 2014 as concerns about the fund's management and financials had begun to circulate, the newspaper said, citing unidentified people familiar with the matter....

KUALA LUMPUR, Malaysia — Malaysia filed criminal charges against Goldman Sachs and two former executives on Monday for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB. Attorney General Tommy Thomas said the government is seeking several billion dollars in fines from Goldman Sachs for breaches of securities laws that involved it making false and misleading statements to investors. He said his office will seek prison sentences of up to 10 years for the former Goldman executives, Roger Ng Chong Hwa and Tim Leissner, who is married to model Kimora Lee Simmons.

The fallout from the widening G/S scandal involves Tim Leissner, chairman of Goldman/s SE Asia operations, who is on leave of absence. He helped set up a state fund ---1Malaysia Development Berhad (1MDB). Goldman was paid sky-high commissions for bond sales. Then $681 million mysteriously turned up in the bank account of Malaysian Prime Minister Najib Razak. The FBI is investigating w/ a wider probes of money-laundering allegations spanning five countries. Some transactions illustrate the cozy relationship between Goldman and the government. The sum of three bond sales for 1MDB back in 2012 and 2013, some $6.5 billion, reportedly yielded...

Let the fence-mending begin. According to a Broadcasting & Cable source in Washington, D.C., CBS News president Andrew Heyward, along with Washington bureau chief Janet Leissner, recently met with White House communications director Dan Bartlett, in part to repair chilly relations with the Bush administration.CBS News’ popularity at the White House—never high to begin with—plunged further in the wake of Dan Rather’s discredited 60 Minutes story on George Bush’s National Guard service.An incentive for making nice is the impending report from the two-member panel investigating CBS's use of now-infamous documents for the 60 Minutes piece.Heyward was “working overtime to convince Bartlett that neither...