PETALING JAYA – US investment bank Goldman Sachs Group Inc. has made $2.5 billion payment that was promised to the Malaysian government to settle the accusations related to the 1MDB. The funds will be used to repay the outstanding debt of the controversial state fund. The source with knowledge of the settlement has confirmed that the payment was transferred to …

PETALING JAYA – US investment bank Goldman Sachs and Malaysia has agreed for a US$3.9 billion settlement over the multibillion-dollar 1MDB corruption scheme. According to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Azi, the group also agreed for the cash payment in order to resolve outstanding charges and claims related to the three bond transactions that Wall Street bank …