Goldman Sachs agrees to pay $2.9 billion in 1MDB scandal
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(Worthy News) – The Goldman Sachs Group agreed to pay $2.9 billion (€2.4 billion) in penalties to settle criminal charges in Malaysia’s 1MDB bribery scandal, said the US Justice Department Thursday.
The sum is set to be the largest US fine ever in a corruption case.
Goldman’s Malaysia subsidiary unit pleaded guilty in a US court for violations of American bribery law, in the case that involved $1.6 billion in bribes. [ Source: Deutche Welle (Read More…) ]
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