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Goldman to settle US Justice Department’s Malaysia probe for more than $2bn

Bank could end up paying around $5bn for role in 1MDB scandal

Goldman Sachs has agreed to a more-than-$2bn settlement with the US Justice Department for its role in the 1 Malaysia Development Berhad scandal, Bloomberg News reported 19 October.

The deal, expected to be announced in the coming days, will let the bank avoid a criminal conviction, Bloomberg reported.

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