GOLDMAN SACHS SINGAPORE LIABLE TO PAY S$165 MILLION LINKED TO 1MDB SCANDAL AS COMPENSATION

HIGHLIGHTS

• Goldman Sachs Singapore to pay Singaporean government US$122 million (S$165 million)

The move comes as the company’s involvement in bond offerings with 1MDB, the specialists said on Friday (Oct 23).

Goldman Sachs entered into a DPA understanding with the US Department of Justice over the 1MDB scandal. Under terms of the arrangement, Goldman consented to pay a US$2.....