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Goldman Sachs agrees to pay $2.9 billion over 1MDB scandal
short by Krishna Veera Vanamali / on 23 Oct 2020,Friday
Goldman Sachs has agreed to pay $2.9 billion in penalties to various authorities to settle a probe into its role in Malaysia's 1MDB scandal. Goldman's Malaysia subsidiary pleaded guilty for violations of American bribery law. The bank will also claw back $174 million in compensation from current and former executives including CEO David Solomon and his predecessor Lloyd Blankfein.
short by Krishna Veera Vanamali / 03:54 pm on 23 Oct
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