Goldman Sachs to pay US$122mil to Singapore Govt over 1MDB bond offerings

1MDB saga: Singapore's Commercial Affairs Department also served Goldman Sachs Singapore Pte a 36-month conditional warning in lieu of prosecution for three counts of corruption offences punishable under Section 5(b)(i) of the Prevention of Corruption Act, Chapter 241 (PCA).

KUALA LUMPUR: Goldman Sachs Singapore Pte (GSSP) will pay US$122mil to the Singapore Government for its role in the 1Malaysia Development Bhd (1MDB) bond offerings.

In a statement posted on the Attorney-General Chambers' (AGC) Singapore website on Friday, the AGC said it had, together with the Commercial Affairs Department (CAD) and Monetary Authority of Singapore (MAS), had taken action against GSPP.