How Malaysia can bury the ghost of 1MDB

The Malaysian unit of Goldman pleaded guilty to conspiring to defraud 1MDB to the Department of Justice (DoJ) while the parent company forked out more than US$2.9bil in fines two weeks ago. The fine is almost five times the amount it had earned in fees for handling dubious transactions related to 1MDB.

GOLDMAN Sachs, one of the four top US financial institutions, can claim to have put the ghost of 1Malaysia Development Bhd (1MDB) to rest.

The Malaysian unit of Goldman pleaded guilty to conspiring to defraud 1MDB to the Department of Justice (DoJ) while the parent company forked out more than US$2.9bil in fines two weeks ago.