Goldman Sachs to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges - The Wall Street Journal

1 month ago 16

Goldman Sachs Group Inc. will pay the U.S. government about $2.8 billion and admit wrongdoing in a Malaysian bribery scandal, settling charges stemming from its work with a corrupt government investment fund.

A Goldman subsidiary in Asia tied to the misconduct is expected to plead guilty this week, according to people familiar with the matter. The parent company will accept an agreement that requires it to admit fault but defers prosecution on the charges, the people said, avoiding a guilty plea that could have crippled its...

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