Goldman Sachs agrees to largest penalty ever in 1MDB scandal

New York (AFP) – Global financial titan Goldman Sachs agreed to pay $2.9 billion in penalties to settle criminal charges in the 1MDB Malaysian bribery scandal, the largest US fine ever in a corruption case, the Justice Department announced Thursday.Acting US Assistant Attorney General Brian C. Rabbitt said Goldman “accepted responsibility” in the case that involved $1.6 billion in bribes, the largest ever recorded, and massive gains laundered through the US financial system.Goldman Sachs helped raise $6.5 billion for the Malaysian government’s sovereign wealth fund, and the US Justice Departme…

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