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Goldman Sachs unit pleads guilty to U.S. charges over role in 1MDB scandal

Reuters
Reuters
22/10/2020
15:38 MYT
Goldman Sachs unit pleads guilty to U.S. charges over role in 1MDB scandal
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. - REUTERS
Goldman Sachs Malaysia, a unit of the Wall Street investment banking group, today pleaded guilty to US 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 US$2 billion to settle the charges over its role in the scandal.
Related Topics
#Goldman Sachs Malaysia
#Wall Street
#1MDB corruption scandal
#Foreign Corrupt Practices Act
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