Saturday, 25 July 2020

Goldman Sachs Settles 1MDB Dispute With Malaysia for $3.9 Billion

Goldman Sachs Group Inc. will pay $2.5 billion to the federal government of Malaysia for its role in the supposed theft of billions of dollars from a federal government mutual fund, bringing the Wall Street bank close to ending among the worst scandals in its history.

Goldman likewise ensured the recovery of $1.4 billion in assets allegedly stolen from the fund, according to the contract announced separately by the bank and Malaysia’s Financing Ministry on Friday.

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source https://jobsearchtips.net/goldman-sachs-settles-1mdb-dispute-with-malaysia-for-3-9-billion/

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