Goldman Sachs has agreed to a $3.9 billion deal with the Malaysian government to settle claims relating to the bank’s role in the huge corruption scandal at 1Malaysia Development Berhad, the sovereign wealth fund.
There are indications that the government of Malaysia has agreed to drop all criminal and regulatory proceedings in Malaysia involving the firm, including pending proceedings against subsidiaries of Goldman Sachs (GS) and certain current and former directors, Goldman Sachs said in a statement.
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