After more than a decade since the start of the 1MDB scandal, the US government has formally ended its criminal case against Goldman Sachs.
A US judge formally ended the American government’s 1MDB criminal case against Goldman Sachs after dismissing a bribery conspiracy charge, according to a «Reuters» report citing court proceedings. This occurred after the bank met its obligations and paid $2.9 billion in penalties while a three-year deferred prosecution agreement expired in October. Goldman did not oppose the move to drop the charge.
Between 2012 and 2013, Goldman Sachs helped sell $6.5 billion of bonds for 1MDB, which generated about $600 million in fees. Authorities claim that $4.5 billion was siphoned away while the US bank’s Malaysia unit pleaded guilty to a corruption charge. Two ex-Goldman bankers – Tim Leissner and Roger Ng – were criminally charged in the scandal.
