Goldman’s Malaysia Unit Set to Plead Guilty in 1MDB Scandal

Goldman Sachs Group Inc.’s Malaysian subsidiary will plead guilty for the firm’s role in the plundering of Malaysia’s 1MDB investment fund.

At a federal court appearance Thursday, lawyers for the bank said Goldman Sachs Malaysia will enter a guilty plea on one count of conspiracy to violate the Foreign Corrupt Practices Act. The plea is part of deal with the U.S. Department of Justice.

The deal concludes one of the biggest bank probes inherited by the Trump administration. It holds Goldman Sachs to account for its role in raising $6.5 billion for 1MDB, much of which U.S. authorities say ...