Goldman Sachs U.S. settlement over Malaysia 1MDB scandal to lift dark cloud

FILE PHOTO: The Goldman Sachs company logo is seen in on the floor the New York Stock Exchange in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid/File Photo

WASHINGTON (Reuters) – Goldman Sachs Malaysia, a unit of the Wall Street investment banking group GS.N, on Thursday pleaded guilty to U.S. Department of Justice charges over its role in Malaysia’s 1MDB corruption scandal, as it looks to settle a probe that has dogged the bank for years.

In a court hearing, Goldman Sachs said it would plead guilty to violating the anti-bribery provisions of the Foreign Corrupt Practices Act in relation to the scandal.

Later today, Goldman will agree to pay more than $2 billion to settle the charges over its role in the scandal.

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