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Goldman Sachs Group Inc. reached a $3.9 billion settlement with Malaysia in reference to a multibillion-dollar scandal that has plagued the Wall Street financial institution and rocked the nation’s politics.
Goldman can pay $2.5 billion in money and assure restoration of a minimum of $1.four billion in proceeds from belongings to resolve claims about bond transactions it helped put collectively for state funding fund 1Malaysia Development Bhd., or 1MDB, in keeping with the phrases of the settlement introduced individually by the financial institution and Malaysia’s Finance…
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