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Goldman Sachs Is in Talks for Asia Unit to Admit Guilt in 1MDB

Dec. 19, 2019, 2:08 PM

Goldman Sachs Group Inc. is negotiating a settlement of the 1MDB scandal that would include an admission of guilt by one of its subsidiaries instead of the parent company, according to people familiar with the matter.

The guilty plea would come from a unit in Asia, the people said, asking not to be identified because the talks are confidential. The agreement would also include a fine of almost $2 billion, the people said.

Federal agencies have been seeking penalties between $1.5 billion and $2 billion in recent weeks, less than what some analysts had previously predicted, Bloomberg reported earlier this ...

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