Goldman Sachs Team Inc. will pay back $two.five billion to the federal government of Malaysia for its position in the alleged theft of billions of bucks from a federal government financial investment fund, bringing the Wall Road lender near to ending just one of the worst scandals in its heritage.
Goldman also guaranteed the recovery of $1.4 billion in belongings allegedly stolen from the fund, according to the agreement introduced independently by the lender and Malaysia’s Finance Ministry on Friday.
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