A U.S. government settlement with Goldman Sachs Group Inc over its role in the 1...
FILE PHOTO: The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City, New York, U.S., December 19, 2018. REUTERS/Carlo Allegri
The U.S. Justice Department announced criminal charges against two former Goldman bankers tied to the scandal, Tim Leissner and Roger Ng, last year. Goldman is being investigated by Malaysian authorities and the U.S. Department of Justice for its role. The bank has consistently tried to distance itself from the scandal, saying the criminal activities of Leissner and Ng were hidden from the bank’s management.
The staff recommendation by prosecutors is now being considered by senior officials at the Justice Department, the FT said, citing people familiar with the matter. The U.S. Justice Department did not immediately respond to a request for comment.According to prosecutors, the investment bank generated about $600 million in fees for its work with 1MDB, which included three bond offerings in 2012 and 2013 that raised $6.5 billion.
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