GOLDMAN SACHS (ASIA) L.L.C. 高盛(亞洲)有限責任公司
SFC bans Dennis Cheng Chung Sing, ex-Goldman Sachs, for 6 months
| Statement of Disciplinary Action
SFC, 23-Sep-2024
SFC, 23-Sep-2024
Ex-Goldman Sachs investment banker Roger Ng Chong Hwa sentenced to 10 years in jail in US$2.7bn bribery and money laundering scheme
US Department of Justice, 9-Mar-2023
US Department of Justice, 9-Mar-2023
Former Goldman Sachs investment banker convicted in massive bribery and money laundering scheme
US Department of Justice, 8-Apr-2022
US Department of Justice, 8-Apr-2022
AGC, CAD and MAS take action against Goldman Sachs (Singapore) Pte. on 1MDB bond offerings
Monetary Authority of Singapore, 23-Oct-2020
Goldman Sachs (Singapore) Pte will pay US$122m to the Singapore Government and disgorge US$61m to the Malaysian authorities, representing its share of fees from the 1MDB bond offerings.
Monetary Authority of Singapore, 23-Oct-2020
Goldman Sachs (Singapore) Pte will pay US$122m to the Singapore Government and disgorge US$61m to the Malaysian authorities, representing its share of fees from the 1MDB bond offerings.
SFC fines Goldman Sachs (Asia) LLC US$350m over 1MDB scandal
| Statement of Disciplinary Action
SFC, 22-Oct-2020
The record fine, which goes to the HK Government, is about HK$364 for every person in HK. The SDA reveals that GS earned an average 9% on the bond issues, way above market rates, and nobody at GS seemed to think that was suspicious. Makes us wonder who was running the compliance department - but such persons are not SFC-licensed, so beyond the SFC's reach. The settlement doesn't suspend GS from carrying on its business in HK.
SFC, 22-Oct-2020
The record fine, which goes to the HK Government, is about HK$364 for every person in HK. The SDA reveals that GS earned an average 9% on the bond issues, way above market rates, and nobody at GS seemed to think that was suspicious. Makes us wonder who was running the compliance department - but such persons are not SFC-licensed, so beyond the SFC's reach. The settlement doesn't suspend GS from carrying on its business in HK.
Goldman Sachs resolves foreign bribery case and agrees to pay over US$2.9bn
US Department of Justice, 22-Oct-2020
US Department of Justice, 22-Oct-2020
US Federal Reserve Board permanently bars Mr Andrea Vella from banking industry
US Federal Reserve Board, 4-Feb-2020
US Federal Reserve Board, 4-Feb-2020
Malaysian financier Low Taek Jho & ex-banker Roger Ng Chong Hwa indicted for conspiring to launder US$ billions in illegal proceeds and to pay hundreds of millions of US$ in bribes in connection with 1MDB
US Department of Justice, 1-Nov-2018
The "New York-headquartered financial institution" is obviously Goldman Sachs.
US Department of Justice, 1-Nov-2018
The "New York-headquartered financial institution" is obviously Goldman Sachs.
Prohibition Orders against individuals involved in 1MDB-related breaches
Monetary Authority of Singapore, 13-Mar-2017
Tim Leissner is banned for 10 years.
Monetary Authority of Singapore, 13-Mar-2017
Tim Leissner is banned for 10 years.
Hiding behind the cornerstones
Webb-site reveals that investors who took 31% of a bank IPO had secretly laid off their risk by issuing derivatives to a mainland property developer from the same city, via two HK-listed companies which incidentally are bubble stocks. When we complained, HKEX did not require disclosure of the bank’s identity, thereby preserving the secrecy behind the cornerstone investors which facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest is exposed. (3-Oct-2016)
Webb-site reveals that investors who took 31% of a bank IPO had secretly laid off their risk by issuing derivatives to a mainland property developer from the same city, via two HK-listed companies which incidentally are bubble stocks. When we complained, HKEX did not require disclosure of the bank’s identity, thereby preserving the secrecy behind the cornerstone investors which facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest is exposed. (3-Oct-2016)
Ping An: not the whole picture
We look behind last night's shock placing by Ping An Insurance to tycoon Cheng Yu Tung, and call for a full explanation from the issuer. (15-Mar-2011)
We look behind last night's shock placing by Ping An Insurance to tycoon Cheng Yu Tung, and call for a full explanation from the issuer. (15-Mar-2011)
China Vanguard's Grand Promise
China Vanguard (8156) bought an asset from its controlling shareholder at 6.5 times the price at which China Motion (0989) turned it down. Now it is struggling to redeem convertible bonds the target issued to Goldman Sachs and Evolution Capital. We also query a year-end HK$139m cash outflow to buy a company which was once owned by the controlling shareholder, with negative net assets. Finally we look at a pending acquisition by Aptus, its subsidiary. (10-Dec-2009)
China Vanguard (8156) bought an asset from its controlling shareholder at 6.5 times the price at which China Motion (0989) turned it down. Now it is struggling to redeem convertible bonds the target issued to Goldman Sachs and Evolution Capital. We also query a year-end HK$139m cash outflow to buy a company which was once owned by the controlling shareholder, with negative net assets. Finally we look at a pending acquisition by Aptus, its subsidiary. (10-Dec-2009)
SFC prohibits Ronnie Wong Wang from re-entering the industry for 2 years
SFC, 9-Jul-2009
Note: media, quoting sources, have identified the client as Joyce Tsang Yue, former chairman of Modern Beauty Salon Holdings Ltd (0919).
SFC, 9-Jul-2009
Note: media, quoting sources, have identified the client as Joyce Tsang Yue, former chairman of Modern Beauty Salon Holdings Ltd (0919).
SFC fines Mr Chia Wei Chen, ex-Goldman Sachs, HK$50k, for failing to tag short sales
SFC, 26-Feb-2008
SFC, 26-Feb-2008
SFC reprimands Ting Chuk Kwan, a research analyst, for selective disclosure of price sensitive information
SFC, 17-Jun-2003
SFC, 17-Jun-2003
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