Goldman Sachs was investigated for its involvement in raising US$6.5 billion through three bond sales between 2012 and 2013 for the 1Malaysia Development Berhad (1MDB) state fund.
NEW YORK: Goldman Sachs has failed to persuade former president Gary Cohn to return over $10 million he received in pay, as part of the bank's effort to reclaim executive compensation over the 1MDB scandal, Bloomberg News reported on Wednesday.
There is little that the bank can do if Cohn, the former economic adviser to U.S. President Donald Trump, simply refuses or offers up a discounted sum, the report said, citing people with knowledge of the matter. [https://bloom.bg/33SR3Az ]
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