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Singapore hits Goldman Sachs with US$122m payment, warning over 1MDB scandal

Company will also pay US$61 million to Malaysian authorities

Published Fri, Oct 23, 2020 · 09:50 PM

Singapore

GOLDMAN Sachs Singapore has been charged by the Singapore authorities to pay US$122 million over its involvement in the 1MDB scandal.

This is part of more than US$2.9 billion to be paid as part of a coordinated resolution with criminal and civil authorities in jurisdictions including the US and Singapore, said the US Department of Justice (DOJ).

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Monetary Authority of Singapore

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Companies & Markets

Companies & Markets

Singapore hits Goldman Sachs with US$122m payment, warning over 1MDB scandal

KEYWORDS IN THIS ARTICLE

Companies & Markets

Kraft Heinz misses sales estimates as higher prices deter customers

Marriott boosts full-year profit view after mixed Q1 results

J&J advances US$6.48 billion settlement of talc cancer lawsuits

US holds quarterly debt sale steady, starts buybacks this month

US dollar nears six-month high after pre-Fed data shock, yen steady

KFC parent Yum reports surprise drop in global same-store sales on weak demand

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