U.S. Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandal
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WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia's multi-billion-dollar 1MDB corruption scandal.Andrea Vella, who was co-head of Goldman's Asia investment bank in 2012 and 2013, failed to escalate information he had about Malaysian financier Low Taek Jho's involvement in three bond offerings that Goldman underwrote for Malaysia's sovereign wealth fund, the..