(Bloomberg) — Goldman Sachs Group Inc. will pay a record foreign bribery penalty in the U.S. and will enter a guilty plea for the first time ever for its role in the plundering of Malaysia’s 1MDB investment fund.A Goldman subsidiary in Malaysia pleaded guilty to a single charge for its role in a scheme to divert billions of dollars raised for economic development in Malaysia. The Wall Street giant will also force Chief Executive Officer David Solomon and his predecessor Lloyd Blankfein to return some of their compensation, according to a person briefed on the matter.The parent company avoided conviction …read more
Source:: Yahoo Finance
