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Goldman Sachs Gets Fresh Shot at Ending Costly 1MDB Corruption Scandal

Summary by Ground News
Goldman made an initial $US2.5 billion payment while guaranteeing the return of $US1.4 billion of 1MDB assets. Malaysia is also pursuing efforts to bring back former Goldman banker Roger Ng, who has been sentenced in the US to ten years in prison over his role in the scandal.

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Australian Financial ReviewAustralian Financial Review
Lean Right

Goldman Sachs gets fresh shot at ending costly 1MDB corruption scandal

Goldman Sachs executives have made fresh overtures to Malaysia, Prime Minister Anwar Ibrahim said during his visit to New York.

·Sydney, Australia
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BloombergBloomberg
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Goldman Sachs Gets Fresh Shot at Ending Costly 1MDB Corruption Scandal

Three years after Goldman Sachs Group Inc. agreed to fork over more than $5 billion for its role in the plundering of Malaysia’s 1MDB investment fund, the Wall Street giant has struggled to put the scandal to bed.

·United States
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Bloomberg broke the news in United States on Friday, September 22, 2023.
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