US pushes for Goldman Sachs guilty plea in 1MDB scandal

Pedro Gonçalves
clock • 2 min read

US prosecutors recommended to senior Justice Department officials that Goldman Sachs be required to plead guilty to a crime to settle a probe of its dealings with Malaysia's 1MDB state investment fund, the Financial Times reported. The recommendation is still under consideration, the FT said, citing unidentified people familiar with the matter. It would be the toughest penalty the Justice Department could impose, as it potentially could affect the financial giant's license and ability to conduct business. According to a source close to the investigation, the hard line recommendations ...

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