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us formally ends goldman’s 1mdb case. 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.
US Formally Ends Goldman’s 1MDB Case
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.
