Goldman Sachs pays Malaysia US$2.5 billion as part of 1MDB deal

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Goldman Sachs has paid Malaysia $2.5 billion as part of a settlement over the US investment bank's role in the multi-billion-dollar 1MDB scandal, ...

FILE PHOTO: FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid/File PhotoKUALA LUMPUR: Goldman Sachs has paid Malaysia US$2.5 billion as part of a settlement over the US investment bank's role in the multi-billion-dollar 1MDB scandal, officials said on Friday .

The cash plundered from state coffers bankrolled a global spending spree, and was used to buy everything from artwork to real estate and a superyacht.

Source: News Formal (newsformal.com)

 

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