Singapore hits Goldman Sachs with US$122m payment, warning over 1MDB scandal
Company will also pay US$61 million to Malaysian authorities
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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).
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain