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

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).

Keywords
1mdb, bribe, corruption, goldman sachs, government, investigation, malaysia, najib razak, scandal, us

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).

Keywords:
1mdb, bribe, corruption, goldman sachs, government, investigation, malaysia, najib razak, scandal, us

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