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That's how we do things...where?

Sally March (sjmarch10@gmail.com) is Director, Drummond March & Co, in London, UK.

At first blush, it looked like Goldman Sachs was going to use the “rogue employee” defense when the corruption with the Malaysian state investment fund, 1MDB, emerged. Goldman Sachs raised $6.5 billion from bond issues for 1MDB between 2012 and 2013 and was paid nearly $600 million in fees on the bond deals. It has since emerged that the investment fund was used as a personal piggybank by the former prime minister and people close to him.

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