Singapore fines Goldman Sachs US$122mil over 1MDB corruption scandal

The penalty is believed to be the largest-ever imposed in Singapore. - Reuters

SINGAPORE, Oct 23 (The Straits Times/ANN): Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal.

The penalty is believed to be the largest imposed on a financial institution here.

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Singapore , Goldman Sach , Big Fine , US$122 million , Biggest , Singapore History

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