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"BUSINESS
Goldman Sachs fined record $2.9 billion to resolve 1MDB bribery scheme
The bank says it will rescind $174 million in salaries and bonuses from top leadership, as well as claw back $67 million from former executives.
By Jacob Bogage
October 22, 2020 at 3:15 p.m. EDT
The Justice Department accused Goldman Sachs and others of defrauding a Malaysian government-backed economic development corporation out of $2.7 billion. The Wall Street giant agreed to a record $2.9 billion judgment to resolve the case. (David Gray/Reuters)
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Goldman Sachs, one of Wall Street’s oldest and most prestigious banks, will pay $2.9 billion in penalties and fees to settle federal charges over its involvement in a Malaysian bribery scheme, the Justice Department announced Thursday."
https://www.washingtonpost.com/busi...~:text=BUSINESS,Department announced Thursday.