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Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB

by Associated Press
| July 26, 2020 12:03 AM

KUALA LUMPUR, Malaysia (AP) — Malaysia’s government said Friday it has reached a $3.9 billion settlement with Goldman Sachs in exchange for dropping criminal charges against the bank over bond sales that raised money for the 1MDB sovereign wealth fund, which was looted of billions of dollars in a massive scandal.

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