WASHINGTON: Goldman Sachs Group Inc this week will agree to pay more than $2 billion to settle U.S. charges over its role in Malaysia's 1MDB corruption scandal, lifting a dark cloud that has hung over the bank for years.
Under the agreement with the U.S. Department of Justice and other regulators, the bank will admit fault for its role in underwriting bond offerings that raised $6.5 billion for the Malaysian state fund, according to media reports on Tuesday.
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