Goldman Sachs reaches out-of-court settlement over 1MDB Malaysia dispute
The US investment bank will pay $3.9bn to the Malaysian government, which includes a $2.5bn cash payout
24 July 2020 - 13:50
Kuala Lumpur — US investment bank Goldman Sachs has reached a $3.9bn settlement with the Malaysian government over the multi-billion-dollar 1Malaysia Development Bhd (1MDB) scandal, the two sides said on Friday.
The deal includes a $2.5bn cash payout by Goldman and a guarantee by the bank to return at least $1.4bn in assets linked to 1MDB bonds, Malaysia’s finance ministry said in a statement...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now