Post by anenro on Jul 25, 2020 17:42:02 GMT 4
One of the world's greatest financial scandals
Goldman Sachs (NYSE:GS) agreed to a $3.9B settlement with the Malaysian government over the multibillion-dollar 1MDB scandal. Backdrop: Malaysian prosecutors filed charges in December 2018 against three Goldman units for misleading investors over bond sales totaling $6.5B that the bank helped raise for the sovereign wealth fund. However, Goldman has pleaded not guilty to the charges, saying that certain members of government and 1MDB lied to it about how proceeds from the bond sales would be used.
Goldman Sachs (NYSE:GS) agreed to a $3.9B settlement with the Malaysian government over the multibillion-dollar 1MDB scandal. Backdrop: Malaysian prosecutors filed charges in December 2018 against three Goldman units for misleading investors over bond sales totaling $6.5B that the bank helped raise for the sovereign wealth fund. However, Goldman has pleaded not guilty to the charges, saying that certain members of government and 1MDB lied to it about how proceeds from the bond sales would be used.