Goldman Sachs has reached a $3.9 billion settlement with Malaysia over a long-running dispute related to deals it ran for a state investment fund
Goldman Sachs Group Inc. has reached a $3.9 billion settlement with Malaysia over a long-running dispute related to deals it ran for a state investment fund, the two sides said Friday.
Goldman Sachs has agreed to pay $2.5 billion in cash and guarantee full recovery of at least $1.4 billion in assets to resolve claims related to three bond transactions the U.S. investment bank arranged for 1Malaysia Development Bhd., or 1MDB, the ministry said in a statement.
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