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Goldman Sachs agrees to pay $2.9 billion in 1MDB scandal

By Abiodun Ogundairo
30 October 2020   |   11:00 am
Goldman's Malaysia unit pleaded guilty in a US court for violations of American bribery law. It's the largest fine ever in a US corruption case. The parent company pleaded not guilty.

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30 Oct 2020
Goldman Sachs has agreed to pay penalties of $2.9 billion in the US for its role in Malaysia's 1MDB scandal, which saw the investment bank siphon billions of dollars out of an economic development fund set up by the Malaysian government. Also, America's largest retailer Walmart is suing the US government over the opioid crisis, and the UK signs its first post-Brexit bilateral trade deal – with Japan. Finally, we see how the toy industry has benefited from the Covid-19 pandemic.
30 Oct 2020
Goldman's Malaysia unit pleaded guilty in a US court for violations of American bribery law. It's the largest fine ever in a US corruption case. The parent company pleaded not guilty.
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