Goldman Sachs in October agreed to pay U.S. authorities $2.9 billion in penalties to settle probes by the Department of Justice and other authorities into its role in the 1MDB scandal.
WASHINGTON: Gary Cohn will make a charitable donation instead of giving back compensation to Goldman Sachs Group Inc as penance for the Wall Street bank's involvement in Malaysia's 1MDB sovereign fund corruption scandal.
"Mr. Cohn is a team player, and as a good corporate citizen, he volunteered many weeks ago to make a significant charitable contribution to Goldman Sachs-sponsored organizations and looks forward to doing so," a spokeswoman for Cohn said.
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