Goldman should take its chance for 1MDB closure


Malaysia has charged Goldman units as well as 17 of its current and former directors over their involvement in arranging $6.5 billion of bond sales for the troubled state fund, much of which later went missing.

GOLDMAN Sachs Group Inc. should take the opportunity to settle its legal case with Malaysia and put the 1MDB scandal to bed.

Negotiators for Malaysia have discussed figures of around $2 billion to $3 billion in talks with Goldman, Bloomberg News reported this week, citing people with knowledge of the matter. A settlement at the lower end of that range could turn out to be a relative bargain for the New York-based bank.

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1MDB scandal , Goldman Sachs , bond sales

   

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