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 was stolen by people connected to the country’s
In July, Goldman Sachs agreed to a
Goldman Sachs’s Asian unit was fined $350 million by Hong Kong’s financial regulator over the 1MDB matter, according to a statement earlier Thursday.
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