Stay Informed. Stay Competitive. Get Free Email Updates Dow 30 & Emerging Growth

Stay Informed. Stay Competitive.

Get Free Updates

Dow 30 & Emerging Growth

Goldman Sachs Settles 1MDB Payment To Malaysian Government With $2.5 Billion Payment

By John F. Heerdink, Jr.

Reportedly, The Goldman Sachs Group, Inc. (GS) has made the $2.5 billion payment to the Malaysian government to settle charges of misconduct related to 1MDB. The government plans to use the funds to repay 1MDB’s outstanding debt, which includes $3.5 billion of bonds due in 2022 and 2023. The payment of $2.5 billion is to be made in cash and guarantee the return of $1.4 billion from 1MDB assets seized globally. In return, Malaysia will drop criminal charges against the U.S. bank setting it free from one of its worst scandals since the financial crisis. Goldman Sachs is set to have a case management hearing over its criminal charges at a Malaysian court on Sept. 4.

The Goldman Sachs Group, Inc. (GS) is one of the world’s leading investment bankers & also a securities and investment management firm that offers a wide range of financial services with a diversified client base. To learn more about The Goldman Sachs Group, Inc. (GS) and to continue to track its progress please visit the Vista Partners Goldman Sachs Group, Inc. (GS), Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.

Post View Count : 1553
(Read Original Story: Goldman Pays Malaysia $2.5 Billion 1MDB Payment in Bloomberg)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us