NEW YORK (AFP): The US Justice Department is calling for Goldman Sachs to plead guilty for its role in the massive corruption scandal involving Malaysian investment fund 1MDB, The Financial Times reported. That recommendation applies to any settlement between Goldman Sachs and US or state authorities, newspaper reported, citing unnamed sources. It would be the toughest penalty the Justice Department could impose, as it potentially could affect the financial giant's licence and ability to conduct business. But experts have said Goldman Sachs could face a fine of US$2bil (RM8bil). Goldman Sachs has tried to distance itself from its two former employees.

Source: The Star April 25, 2019 01:41 UTC