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Malaysia in transition

Malaysia and Goldman Sachs settle 1MDB case for $3.9bn

Deal over bank's fees for bond issuances includes $2.5bn in cash

The Malaysian government and Goldman Sachs have reached an out-of-court settlement over funds related to bond issuances by scandal-ridden state fund 1MDB. (Nikkei Montage/Source photos by Reuters/Getty Images) 
P PREM KUMAR, Nikkei staff writer | Malaysia

KUALA LUMPUR -- The Malaysian government and global investment bank Goldman Sachs have reached a $3.9 billion settlement, under which the state will drop its criminal charges against the bank over funds solicited via three bond issuances by scandal-ridden fund 1Malaysia Development Berhad.

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