Bank’s Malaysia division agrees to plead guilty to violating foreign bribery laws
Goldman Sachs has agreed to pay $2.9bn (£2.2bn) to settle a US-led investigation into its role in the 1MDB corruption scandal.
The settlement is expected to draw a line under a years-long saga that has cast a shadow over one of the most recognisable names on Wall Street. Goldman Sachs’ Malaysia division also agreed to plead guilty to violating foreign bribery laws linked to the alleged looting of the country’s sovereign wealth fund, 1MDB.
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