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Goldman chief apologizes to Malaysian people for 1MDB

Solomon seeks to reassure investors as stock price suffers

Goldman Sachs CEO David Solomon spoke to investors on Jan. 16.   © Reuters

NEW YORK -- Goldman Sachs CEO David Solomon apologized to the Malaysian people on Wednesday for the involvement of a former partner in the corruption scandal that engulfed state development fund 1Malaysia Berhad, known as 1MDB.

"It is very clear that the people of Malaysia were defrauded by many individuals, including the highest members of the Malaysian government," said Solomon, who became CEO of the U.S. investment bank in October.

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