Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn
Image copyright Reuters
Goldman Sachs has reached a $3.9bn (£3bn) settlement with the Malaysian government for its role in the multi-billion-dollar 1MDB corruption scheme.
The deal resolves charges in Malaysia that the firm had misled investors when it helped raise $6.5bn for the country’s 1MDB development fund.
Prosecutors say billions of dollars were ultimately stolen – including by some of…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.