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Goldman Sachs to pay over $2 billion in DOJ's 1MDB probe, says report

The accord, part of an international action, will let the parent company avoid a US criminal conviction, according to the people, who asked not to be named discussing the confidential talks

Goldman Sachs
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A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in New York (Photo: Reuters)

Bloomberg
Goldman Sachs Group Inc. has reached a long-awaited pact with the US Department of Justice to pay more than $2 billion for the bank’s role in Malaysia’s 1MDB scandal, and the deal may be announced within days, according to people familiar with the matter.
 
The accord, part of an international action, will let the parent company avoid a US criminal conviction, according to the people, who asked not to be named discussing the confidential talks. The payment to the Justice Department is broadly in line with the bank’s prior reserves and analysts’ estimates.
 
The deal, expected to come just weeks

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