News Article(permalink)
Global financial giant Goldman Sachs will pay about $2.9 billion total to settle the massive 1MDB corruption scandal involving its Malaysian subsidiary, government officials said Thursday. Goldman pled not guilty and agreed to a deferred prosecution with the Justice Department, which said the company will owe $2.3 billion in penalties plus $606 million forfeiture of gains. Excluding payments made to authorities in Britain, Singapore and Hong Kong as well as the US Federal Reserve and SEC, Goldman will pay $1.26 billion to US Treasury, the official said in a New York federal court. hs/cs
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2020-10-22

