Goldman Sachs U.S. settlement over Malaysia 1MDB scandal to lift dark cloud

logo - Financial Markets Worldwide

No results matched your search

Stock Markets23 minutes ago (Oct 22, 2020 11:15AM ET)

© Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the NYSE in New York© Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York

WASHINGTON (Reuters) – Goldman Sachs Malaysia, a unit of the Wall Street investment banking group (N:), on Thursday pleaded guilty to U.S. Department of Justice charges over its role in Malaysia’s 1MDB corruption scandal, as it looks to settle a probe that has dogged the bank for years.

In a court hearing, Goldman Sachs said it would plead guilty to violating the anti-bribery provisions of the Foreign Corrupt Practices Act in relation to the scandal.

Later today, Goldman will agree to pay more than $2 billion to settle the charges over its role in the scandal.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles


Your email address will not be published. Required fields are marked *