Goldman Sachs will be making an initial payment of $2.5 billion to the Malaysian government, followed by a guarantee that it will pay around $1.4 billion after it liquidates assets linked to the scandal.
Goldman Sachs will be making an initial payment of $2.5 billion to the Malaysian government, followed by a guarantee that it will pay around $1.4 billion after it liquidates assets linked to the scandal.
The United Arab Emirates (UAE) is suing The Goldman Sachs Group, Inc., one of the largest investment banks in the world, and others to recover losses suffered through its dealings with Malaysia's scandal-wracked sovereign wealth fund, 1Malaysia Development Berhad, or 1MDB.
The United Arab Emirates (UAE) is suing The Goldman Sachs Group, Inc., one of the largest investment banks in the world, and others to recover losses suffered through its dealings with Malaysia's scandal-wracked sovereign wealth fund, 1Malaysia Development Berhad, or 1MDB.