Goldman Sachs pays RM10.4bil


NEW YORK: Goldman Sachs Group Inc has made the US$2.5bil (RM10.4bil) payment it pledged to the Malaysian government to settle allegations of misconduct related to 1Malaysia Development Bhd (1MDB), and the funds will be used to repay outstanding debt of the controversial sovereign wealth fund, according to a person familiar with the matter.

The government received the funds in its escrow account on Thursday, according to the person who asked not to be named as the information is private.

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