WASHINGTON (AP): A subsidiary of Goldman Sachs pleaded guilty on Thursday (Oct 22) and agreed to pay more than US$2bil in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal.
The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. As part of its plea, the company admitted that it "knowingly and willfully” conspired to violate US anti-bribery laws.
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