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1MDB scandal -- a call to redouble Asia's fight for transparency

Companies and governments must stop tolerating lax local standards

| Malaysia
1MDB case highlights need for greater financial transparency. (NurPhoto/Getty Images)

Malaysian prosecutors have filed criminal charges against Goldman Sachs and two former employees in connection with bonds issued by 1MDB, a state fund from which billions of dollars were allegedly misappropriated. The U.S. investment bank has denied the accusations, saying it would "vigorously contest" them.

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