Goldman Sachs may admit guilt, pay US$2bln fine to settle US 1MDB probes

Published on 20 Dec 2019 2:58:00 PM

Goldman Sachs Group is in talks with the US government and a state regulator to possibly pay up to US$2 billion and admit guilt to resolve investigations into its role in a Malaysia corruption scandal, according to a source familiar with the matter.

The bank and US officials have discussed a deal in which a Goldman subsidiary in Asia would plead guilty to violating US bribery laws, the Wall Street Journal first reported on Thursday (Dec 19).