Goldman Admits Guilt In 1MDB

P. Gunasegaram, Editorial Consultant, The Vibes

23-Oct-20 08:47

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Goldman Sachs has been slapped with penalties in the US to the tune of $2.9 billion, after pleading guilty to crimes linked with the 1MDB scandal. The bank will also claw back compensation worth $174 million from both past and current executives as a result. For some insight on whether this admission of guilt will actually impact Goldman Sachs, as well as thoughts on its effect on the ongoing 1MDB trial, we speak to P. Gunasegaram, Editorial Consultant for news portal The Vibes, and author of the book '1MDB: The Scandal That Brought Down A Government'.

Image Credit: Faiz Zaki / Shutterstock

Produced by: Sim Wie Boon

Presented by: Lyn Mak, Roshan Kanesan, Wong Shou Ning

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Categories: Personal Finance, Investments, Financial Literacy, Politics, Law and Legal Matters, Business Analysis, Trends and Forecasts, Markets, Social Issues

Tags: 1mdb, goldman sachs, corruption, us, najib,

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