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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

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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).

Goldman SachsMonetary Authority of Singapore

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