
The Goldman Sachs Group Inc. And Goldman Sachs (Malaysia) Sdn. Bhd., its Malaysian subsidiary, admitted to conspiring to violate the Foreign Corrupt Practices Act in connection with a scheme to pay over $1 billion in bribes to Malaysian and Abu Dhabi officials to obtain lucrative business for Goldman Sachs, including its role in underwriting approximately $6.5 billion in three bond deals for 1malaysia Development Bhd., for which the bank earned hundreds of millions in fees. Goldman Sachs agreed to pay more than $2.9 billion and disgorge $606 million as part of a coordinated resolution with criminal and civil authorities in the United States, the United Kingdom, Singapore, and elsewhere. The U.S. Portion, $2.9 billion, is specified in the deferred prosecution agreement posted at https://www.justice.gov/criminal-fraud/file/1329926/download For more info visit https://www.justice.gov/opa/pr/goldman-sachs-charged-foreign-bribery-case-and-agrees-pay-over-29-billion