Malaysia and Goldman Sachs Reach Settlement over 1MDB Scandal

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Thursday, July 30, 2020
Author: 
Bruce Zagaris
Volume: 
36
Issue: 
8
Abstract: 

On July 24, 2020, Malaysia and Goldman Sachs Group Inc. concluded a settlement agreement to resolve the criminal investigation by Malaysia into Goldman Sach’s role in diverting money from 1MDB. The settlement requires Goldman Sachs to pay $3.9 billion.[1]



[1]    Elffie Chew, Yantoultra Ngui and Sridhar Natarajan, Goldman’s 1MDB Fiasco Nears End With $3.9 Billion Malaysia Pact, Bloomberg News, July24, 2020.