Several media outlets cited Bloomberg news reports that Goldman Sachs had reached an agreement with the US Department of Justice. In a $ 2 billion joker slot settlement to settle the Malaysian government's scandalous 1MDB case And the two may announce an agreement within a few days.
Bloomberg stated that The deal will allow Goldman Sachs to avoid criminal prosecution in the United States. More than $ 2 billion was used to settle the lawsuit. It was in line with Goldman Sachs's reserve status and was in line with analysts' expectations.
The deal, which is expected to come just weeks before the day of the US presidential election. It will help eliminate the uncertainty over Goldman Sachs after the big bank negotiated years with the US Department of Justice over allegations that Goldman Sachs had assisted its officials. Malaysia in misappropriation of $ 6.5 billion from 1MDB
The government of Mr. Najib Razak, former Prime Minister of Malaysia. Established a $ 6.5 billion 1MDB fund in 2009 with the objective of investing in Malaysian infrastructure.
However, the US Department of Justice predicts that Malaysian senior officials embezzled approximately $ 4.5 billion from 1MDB between 2009 and 2014. Sachs was accused of Assisted the Malaysian authorities in misappropriating funds from the said funds.