Goldman Sachs to pay $3bn over 1MDB corruption scandal

Authorities in Asia, the US and Europe have spent years tracking down cash and assets paid for with money stolen from the Malaysian fund, including property, jewellery and art.Najib Razak was prime minister from 2009 to 2018. Corruption allegations played a role in his election defeat

In July, Najib was found guilty in Malaysia on all seven counts in the first of several multi-million dollar corruption trials and sentenced to 12 years in jail. But on Thursday, the bank admitted that its Malaysian unit had "knowingly and willingly" paid bribes to foreign officials and that it had ignored red flags that should have alerted higher-ups to problems with the deal.Goldman boss David Solomon said the bank "fell short" in its oversight

Banks hey... who'd have thought it...

Who else is guilty and due fines? Must be others...

Funny how all these guys slag crypto off for being dodgy

Not defending GS, what they did was disgusting but is it fair that only 600M will go to Malaysia va billions to Western authorities? Malaysian people this will be be defrauded twice

We all trust the wholly trustworthy financial services sector. Totally. 🤮🤮🤮

Chump change for them.

What? WOW

lesser humans would not just be paying fine. They will be doing jail terms... there is something fundamentally wrong with this world.....

Purdue Pharma to pay $8 billion no jail Goldman Sachs to pay $3 billion no jail ...see a pattern? Expect a lot of GOP politicians getting large $ donations very soon. Also ...follow that money as the fines come into government hands...🤔

Is anyone going to fecking jail?

Every liberal is a Nazi

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