Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organize for a state fund, the Bernama state news agency reported.
The move comes after Goldman Sachs agreed to pay $3.9 billion to Malaysia to settle a probe into its alleged role in the scandal involving the fund, 1Malaysia Development Berhad , which counts former Malaysian prime minister Najib Razak as one of its co-founders.
The units - based in London, Hong Kong and Singapore - had pleaded not guilty in February and the bank has consistently denied wrongdoing.
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