Goldman Sachs nears 1MDB resolution with effort to avoid guilty plea

The Straits Times | Jul 1, 2020 at 3:58 AM
  • Goldman Sachs Group Inc is in the final stages of resolving its biggest legal threat in a decade after tussling with the government on one critical issue: a potential guilty plea for the first time in Goldman’s history.
  • Mr Barr obtained a waiver because his former law firm represents Goldman.
  • In Malaysia, Goldman helped the government raise US$6.5 billion for the 1MDB fund, collecting an unusually high US$600 million in fees from bond sales in 2012 and 2013.