Published 3 years ago

Goldman Sachs to Recoup Top Executives’ Pay After Costly 1MDB Fines

Summary

Goldman Sachs Group Inc. is seizing tens of millions of dollars from top executives after agreeing to a costly settlement to resolve multiple government investigations into its role in a Malaysian bribery scandal.

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Times of India

Goldman Sachs agrees to largest penalty ever in 1MDB scandal

Global financial titan Goldman Sachs agreed to pay $2.9 billion in penalties to settle criminal charges in the 1MDB Malaysian bribery scandal, the largest US fine ever in a corruption case, the Justice Department announced Thursday.

3 years ago·India

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BBC News

Goldman Sachs to pay $3bn over 1MDB Malaysia scandal

The investment bank reaches a record settlement with the US government for its role in the 1MDB corruption affair.

3 years ago·United Kingdom

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Yahoo News

Goldman Sachs to pay US $2.8bn over 1MDB scandal: report

Global financial titan Goldman Sachs is preparing to admit wrongdoing in the massive 1MDB Malaysian bribery scandal and pay the US government $2.8 billion, The Wall Street Journal reported Tuesday.

3 years ago·Los Angeles, United States

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News18 India

Hong Kong Fines Goldman Sachs Asia $350 Million Over 1MDB

Hong Kong's markets watchdog on Thursday fined Goldman Sachs's Asian business $350 million for its role in Malaysia's 1MDB scandal, the largest single fine ever levied by the regulator in the Asian financial hub.

3 years ago·India

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The Guardian

Goldman Sachs reaches $2.9bn deal to settle US-led 1MDB inquiry

Bank’s Malaysia division agrees to plead guilty to violating foreign bribery lawsGoldman 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 li…

3 years ago·London, United Kingdom

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The Independent

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal

3 years ago·London, United Kingdom

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