Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn

Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn

Goldman Sachs has reached a $3.9bn (£3bn) settlement with the Malaysian government over the multi-billion dollar 1MDB scandal, relating to the bank's role in the corruption scandal at 1Malaysia Development Berhad, the country's sovereign wealth fund.  The settlement includes a $2.5bn cash payout by Goldmans and a further guarantee to return at least "at least $1.4bn in proceeds from assets related to 1MDB seized by governmental authorities around the world," the company said in a statement...

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Gary Robinson

Commercial Director, Head of Video at International Investment.