The development is the latest twist in the back-and-forth between the bank and its former president

Goldman Sachs’ former president Gary Cohn is donating to charities sponsored by his ex-employer instead of handing over $10m the bank wanted to claw back to fund repayments for 1MDB fines.

The donation marks the latest development of a drawn-out back-and-forth between the bank and Cohn, who initially refused to return the money to Goldman Sachs.

Gary Cohn’s donating to Goldman Sachs’ charities instead of handing cash back for 1MDB clawback

Gary Cohn donating to Goldman Sachs’s charities instead of handing cash back for 1MDB clawback

Bérengère Sim

Goldman Sachs

Cohn Robbins Holdings

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