Goldman Sachs has been investigated by regulators in at least 14 countries, including the United States, Malaysia, Singapore and others. Photo: AFP Goldman Sachs has been investigated by regulators in at least 14 countries, including the United States, Malaysia, Singapore and others. Photo: AFP
Goldman Sachs has been investigated by regulators in at least 14 countries, including the United States, Malaysia, Singapore and others. Photo: AFP

1MDB scandal: Goldman Sachs’ Asia unit poised to admit guilt over vast fraud, reports say

  • The government of former Malaysian Prime Minister Najib Razak set up the 1MDB fund in 2009, before an estimated US$4.5 billion was misappropriated
  • The bank and US officials have reportedly discussed a deal in which the bank would plead guilty to violating US bribery laws and pay US$2 billion fine

Topic |   Malaysia 1MDB scandal
Goldman Sachs has been investigated by regulators in at least 14 countries, including the United States, Malaysia, Singapore and others. Photo: AFP Goldman Sachs has been investigated by regulators in at least 14 countries, including the United States, Malaysia, Singapore and others. Photo: AFP
Goldman Sachs has been investigated by regulators in at least 14 countries, including the United States, Malaysia, Singapore and others. Photo: AFP
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