June 13, 2024

Paull Ank Ford

Business Think different

Goldman Sachs Settles 1MDB Dispute With Malaysia for $3.9 Billion

Goldman Sachs Team Inc. will fork out $2.5 billion to the government of Malaysia for its job in the alleged theft of billions of bucks from a government investment decision fund, bringing the Wall Road bank near to ending 1 of the worst scandals in its historical past.

Goldman also assured the restoration of $1.four billion in property allegedly stolen from the fund, according to the agreement introduced independently by the bank and Malaysia’s Finance Ministry on Friday.