Goldman Sachs to pay US $2.8bn over 1MDB scandal: report

Washington (AFP) – Global financial titan Goldman Sachs is preparing to admit wrongdoing in the massive 1MDB Malaysian bribery scandal and pay the US government $2.8 billion, The Wall Street Journal reported Tuesday.The deal would end the criminal probe into the corruption case involving the Malaysian government’s investment fund, the newspaper reported, citing people familiar with the matter.An Asian subsidiary involved in the case is expected to plead guilty this week, allowing Goldman to avoid pleading guilty — a key development, as such a plea would damage its ability to do business, acco…

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