Goldman Sachs could settle 1MDB case in US for less than $2bn

Pedro Gonçalves
clock • 1 min read

Goldman Sachs could pay under $2bn to settle the US investigations for its role in in raising money for scandal-ridden Malaysian investment fund 1MDB, according to Bloomberg. The US Department of Justice (DoJ) and other federal agencies have weighed seeking penalties between $1.5bn and $2bn, which is less than what some analysts have signaled Goldman might have to pay. Analysts from Citi wrote earlier this year that the fines could reach as high as $9bn.  A settlement could be announced as early as next month, but the final details of the deal could change, Bloomberg reported.  Mal...

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