MOF: Goldman Sachs agree to US$3.9b settlement

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The finance ministry said the settlement was an admission of guilt by the bank.

Goldman Sachs has agreed to a US$3.9 billion settlement with the Malaysian government, said the Finance Ministry. This will involve US$2.5 billion in cash and a promise to eventually handover US$1.4 billion in assets.

Source: News Formal (newsformal.com)

 

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