Goldman Sachs pays US$2.9bn for risk management failures around 1MDB deals
TheFCA and PRA have together fined Goldman Sachs International £96.6 million forrisk management failures connected to 1MDB
– a Malaysian development fund embroiled in anembezzlement scandal. This is part of a global settlement that sees the GoldmanSachs
Group and its subsidiaries paying US$2.9 billion for their dealings witha fund that the United States justice department believes
was robbed by otherparties of more than $4.5bn.
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