Goldman Sachs and Malaysia agree to $3.9 billion settlement over 1MDB scandal.
has reached a $3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday.
"We are confident that we are securing more money from Goldman Sachs compared to previous attempts, which were far below expectations," Finance Minister Tengku Zafrul Aziz said in a statement. Malaysian prosecutors filed charges in December 2018 against three Goldman Sachs units for misleading investors over bond sales totaling $6.5 billion that the bank helped raise for sovereign wealth fund 1MDB .
Goldman Sachs confirmed the $3.9 billion settlement and said it had reached an agreement in principle with Malaysia to resolve all criminal and regulatory proceedings in the country involving the firm.
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